How Long to Read Rescuing Econometrics

How Long Does it Take to Read Rescuing Econometrics?

It takes the average reader 2 hours and 13 minutes to read Rescuing Econometrics by Duo Qin

Assuming a reading speed of 250 words per minute. Learn more

Description

Haavelmo’s 1944 monograph, The Probability Approach in Econometrics, is widely acclaimed as the manifesto of econometrics. This book challenges Haavelmo’s probability approach, shows how its use is delivering defective and inefficient results, and argues for a paradigm shift in econometrics towards a full embrace of machine learning, with its attendant benefits. Machine learning has only come into existence over recent decades, whereas the universally accepted and current form of econometrics has developed over the past century. A comparison between the two is, however, striking. The practical achievements of machine learning significantly outshine those of econometrics, confirming the presence of widespread inefficiencies in current econometric research. The relative efficiency of machine learning is based on its theoretical foundation, and particularly on the notion of Probably Approximately Correct (PAC) learning. Careful examination reveals that PAC learning theory delivers the goals of applied economic modelling research far better than Haavelmo’s probability approach. Econometrics should therefore renounce its outdated foundation, and rebuild itself upon PAC learning theory so as to unleash its pent-up research potential. The book is catered for applied economists, econometricians, economists specialising in the history and methodology of economics, advanced students, philosophers of social sciences.

How long is Rescuing Econometrics?

Rescuing Econometrics by Duo Qin is 129 pages long, and a total of 33,411 words.

This makes it 44% the length of the average book. It also has 41% more words than the average book.

How Long Does it Take to Read Rescuing Econometrics Aloud?

The average oral reading speed is 183 words per minute. This means it takes 3 hours and 2 minutes to read Rescuing Econometrics aloud.

What Reading Level is Rescuing Econometrics?

Rescuing Econometrics is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Rescuing Econometrics?

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