This book was first published in 1989. Inference and prediction in human affairs are characterised by a cognitive and reactive sample space, the elements of which are aware both of the statistician and of each other. It is therefore not surprising that methodologies borrowed from classical statistics and the physical sciences have yielded disappointingly few lasting empirical insights and have sometimes failed in predictive mode. This book puts the underlying methodology of socioeconomic statistics on a firmer footing by placing it within the ambit of inferential and predictive games. It covers such problems as learning, publication, non-response, strategic response, the nature and possibility of rational expectations, time inconsistency, intrinsic nonstationarity, and the existence of probabilities. Ideas are introduced such as real-time survey schemes, argument instability and reaction-proof forecasting based on stochastic approximation. Applications are canvassed to such topics as attitude measurement, political polling, econometric modelling under heterogeneous information, and the forecasting of hallmark events.
- ISBN13 9780511898099
- Publish Date 5 February 2012 (first published 31 March 1989)
- Publish Status Active
- Publish Country GB
- Publisher Cambridge University Press
- Imprint Cambridge University Press (Virtual Publishing)
- Format eBook
- Language English