debuts of the month
Search our site
Persons Unknown by Susie Steiner Read the opening extract of the brand new Susie Steiner book before its publication on 05/04/2018

Simplicity, Inference and Modelling Keeping it Sophisticatedly Simple by Arnold Zellner

Simplicity, Inference and Modelling Keeping it Sophisticatedly Simple


Simplicity, Inference and Modelling Keeping it Sophisticatedly Simple by Arnold Zellner

The idea that simplicity matters in science is as old as science itself, with the much cited example of Ockham's Razor, 'entia non sunt multiplicanda praeter necessitatem': entities are not to be multiplied beyond necessity. A problem with Ockham's razor is that nearly everybody seems to accept it, but few are able to define its exact meaning and to make it operational in a non-arbitrary way. Using a multidisciplinary perspective including philosophers, mathematicians, econometricians and economists, this 2002 monograph examines simplicity by asking six questions: what is meant by simplicity? How is simplicity measured? Is there an optimum trade-off between simplicity and goodness-of-fit? What is the relation between simplicity and empirical modelling? What is the relation between simplicity and prediction? What is the connection between simplicity and convenience? The book concludes with reflections on simplicity by Nobel Laureates in Economics.


This lively and informative exposition of several points of view...will make this book pleasurable reading for not only philosophers of science and epistemologists, but also for those data analysts interested in formalizing the foundations that guide and shape their modeling practices.

Journal of American Statistical Association

About the Author

Loading other formats...

Book Info

Publication date

15th October 2009


Arnold Zellner

More books by Arnold Zellner
Author 'Like for Like'


Cambridge University Press


316 pages


Economic statistics



You can trust Lovereading to show unbiased reviews by actual, ordinary readers that help likeminded booklovers choose their next great read.

Linda Hill

Because of Lovereading I have broadened my reading horizons with some really great books that I probably would never have chosen myself.

Susan Walsh

Love Reading - it not only does what it says on the tin, it does it with Jam on!!

Maz Tucker

Lovereading recommends, honestly reviews and promotes books-what more can I say?!

Rachel Bridgeman

Books of the month/debuts of the month, kids/adults, fiction/non-fiction, free prize draws and free extracts, what's not to love?

Emma Smith

Lovereading tells me about new books before they hit the shelves, lets me find other authors I may like and has great prize draws!

Sheila Dale

As for why I'd recommend Lovereading, it's simple - it's a great place to get information and reviews about new books!

Margaret Freeman

I recommend Lovereading because you get honest reviews on a whole range of genres-there's something for everyone. It's the only site I need.

Sian Spinney