From Asad Zaman It is important to understand that there are three type of models, corresponding the following diagram. The simplest type of model is a pattern in the data that we observe. A second type of model is a “mental model”. This is a structure we create in our own minds, in order to understand the patterns that we see in the observations. The third type of model is a structure of the hidden real world, which generates the patterns that we see. Some examples will be helpful in clarifying these ideas about the typology of models. Empirical Models: The simplest kind of model consists of a pattern that we see in the observations. For example, read more
Topics:
Asad Zaman considers the following as important: Uncategorized
This could be interesting, too:
John Quiggin writes Towards deliberative Parliaments: Greens success at recent elections points the way
Editor writes Long Read – Is Bitcoin more energy intensive than mainstream finance?
Peter Radford writes Weekend read – The trouble with words
Dean Baker writes In a free market, drugs are cheap, government-granted patent monopolies make them expensive
from Asad Zaman
It is important to understand that there are three type of models, corresponding the following diagram. The simplest type of model is a pattern in the data that we observe. A second type of model is a “mental model”. This is a structure we create in our own minds, in order to understand the patterns that we see in the observations. The third type of model is a structure of the hidden real world, which generates the patterns that we see. Some examples will be helpful in clarifying these ideas about the typology of models.
Empirical Models: The simplest kind of model consists of a pattern that we see in the observations. For example, read more