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Haavelmo's The Probability Approach in Econometrics is 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.

Produktbeschreibung
Haavelmo's The Probability Approach in Econometrics is 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.


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Autorenporträt
Duo Qin is Emeritus Professor of Economics at SOAS, University of London.