Discussion Papers no. 329
A reinterpretation
The Duhem-Quine thesis and experimental economics
The Duhem-Quine thesis asserts that any empirical evaluation of a theory is in fact a composite test of several interconnected hypotheses. Recalcitrant evidence signals falsity within the conjunction of hypotheses, but logic alone cannot pinpoint the individual element(s) inside the theoretical cluster responsible for a false prediction. This paper considers the relevance of the Duhem-Quine thesis for experimental economics. A starting point is to detail how laboratory evaluations of economic hypotheses constitute composite tests. Another aim is to scrutinize the strategy of conducting a series of experiments in order to hem in the source(s) of disconfirmative evidence. A Bayesian approach is employed to argue that reproducing experiments is not necessarily useful in terms of identifying correct causes of recalcitrant data.
Om publikasjonen
- Tittel
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The Duhem-Quine thesis and experimental economics. A reinterpretation
- Ansvarlig
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Morten Søberg
- Serie og -nummer
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Discussion Papers no. 329
- Utgiver
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Statistics Norway
- Emne
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Discussion Papers
- Antall sider
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24
- Målform
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Engelsk
- Om Discussion Papers
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Discussion papers comprise research papers intended for international journals and books. A preprint of a Discussion Paper may be longer and more elaborate than a standard journal article as it may include intermediate calculations, background material etc.
Kontakt
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