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Contemporary econometricians can be roughly divided into two camps: the 'Practical Men' on the one side and the 'Theorists' on the other. Which of the following statements best describes the 'Theorists' view?. Philosophy
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Library
Philosophy
Contemporary econometricians can be roughly divided into two camps: the 'Practical Men' on the one side and the 'Theorists' on the other. Which of the following statements best describes the 'Theorists' view?
2019-08-06 08:33:17
Philosophy
Instrumental variables should never be used.
Instrumental variables should be derived from a theory.
Instrumental variables are always unreliable.
Instrumental variables can only be helpful for theory development.
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