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Modelplasticity and Abductive Decision Making

Subhadeep, Mukhopadhyay

arXiv 6 Mar 2022 · Econometrics · publishedDecisions in Economics and Finance (2023) · 3 citations (OpenAlex)

arXiv:2203.03040 · PDF · DOI · OpenAlex · Extracted main text

Abstract

`All models are wrong but some are useful' (George Box 1979). But, how to find those useful ones starting from an imperfect model? How to make informed data-driven decisions equipped with an imperfect model? These fundamental questions appear to be pervasive in virtually all empirical fields -- including economics, finance, marketing, healthcare, climate change, defense planning, and operations research. This article presents a modern approach (builds on two core ideas: abductive thinking and density-sharpening principle) and practical guidelines to tackle these issues in a systematic manner.

Citation extraction

6
references
55
in-text mentions
50
distinct cited
0
self-citations
8,891
main-text words

appendix boundary found by appendix_command · 79% of the source is main text. Read the extracted text to check this.

Most heavily cited references

The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.

ReferenceIntensityMentionsSectionsMain text
box1980samplingunmatched citation key box1980sampling0.5112250%
D21discreteunmatched citation key D21discrete0.51121100%
D21peirceunmatched citation key D21peirce0.51121100%
Deep17LPModeunmatched citation key Deep17LPMode0.51121100%
efron2016computerunmatched citation key efron2016computer0.51121100%
D20copulaunmatched citation key D20copula0.40511100%
box1979robustnessunmatched citation key box1979robustness0.40511100%
box2001disunmatched citation key box2001dis0.40511100%
breiman96baggingunmatched citation key breiman96bagging0.40511100%
coletti2002bookunmatched citation key coletti2002book0.40511100%

Showing the top 10 of 50 scored citations. 10 of these could not be matched to a bibliography entry, so only the citation key is shown.