Computing, the bootstrap and economics
本文提出科学模型可视为虚拟现实,通过数学方程或计算机模拟实现,帮助理解外部现实;在计量经济学中,利用随机元素模拟反事实结果以探讨因果关系,并阐释自助法作为虚拟现实迭代的原理。
Abstract A major contention in this paper is that scientific models can be viewed as virtual realities, implemented, or rendered, by mathematical equations or by computer simulations. Their purpose is to help us understand the external reality that they model. In economics, particularly in econometrics, models make use of random elements, so as to provide quantitatively for phenomena that we cannot or do not wish to model explicitly. By varying the realizations of the random elements in a simulation, it is possible to study counterfactual outcomes, which are necessary for any discussion of causality. The bootstrap is virtual reality within an outer reality. The principle of the bootstrap is that, if its virtual reality mimics as closely as possible the reality that contains it, it can be used to study aspects of that outer reality. The idea of bootstrap iteration is explored, and a discrete model discussed that allows investigators to perform iteration to any desired level.