Related papers: 'Ergodicity Economics' is Pseudoscience
The present discussion concerning certain fundamental physical theories (such as string theory and multiverse cosmology) has reopened the demarcation problem between science and non-science. While parts of the physics community see the…
The solution to science's replication crisis is a new ecosystem in which scientists sell what they learn from their research. In each pairwise transaction, the information seller makes (loses) money if he turns out to be correct…
This paper provides a rigorous and gap-free proof of the index theorem used in the theory of regular economy. In the index theorem that is the subject of this paper, the assumptions for the excess demand function are only several usual…
The need for timely data analysis for economic decisions has prompted most economists and policy makers to search for non-traditional supplementary sources of data. In that context, text data is being explored to enrich traditional data…
Persistent economic competition is often justified as a mechanism of innovation, efficiency, and welfare maximization. Yet empirical evidence across disciplines reveals that competition systematically generates fragility, inequality, and…
Many economic theory models incorporate finiteness assumptions that, while introduced for simplicity, play a real role in the analysis. We provide a principled framework for scaling results from such models by removing these finiteness…
The process of doing Science in condition of uncertainty is illustrated with a toy experiment in which the inferential and the forecasting aspects are both present. The fundamental aspects of probabilistic reasoning, also relevant in real…
Our approach is basically a coherence approach, but we avoid the well-known pitfalls of coherence theories of truth. Consistency is replaced by reliability, which expresses support and attack, and, in principle, every theory (or agent,…
Epistemic uncertainty arises in lack of complete knowledge about the state of a system. There are multiple mathematical frameworks for measuring such uncertainty quantitatively, often referred to as imprecise probability theories. Inspired…
From positions, attained by modern theoretical physics in understanding of the universe bases, the methodological and philosophical analysis of fundamental physical concepts and their formal and informal connections with the real economic…
At what level should government or companies support research? This complex multi-faceted question encompasses such qualitative bonus as satisfying natural human curiosity, the quest for knowledge and the impact on education and culture,…
In recent work, Nina Emery has defended the view that, in the context of naturalistic metaphysics, one should maintain the same epistemic attitude towards science and metaphysics. That is, naturalists who are scientific realists ought to be…
This short note addresses the criticisms recently proposed by Shan Gao against our article "On the Reality of the Quantum State Once Again: A No-Go Theorem for {\psi}-Ontic Models" (Found. Phys. 54:14). The essay aims to respond to such…
A literature search shows that robust regression techniques are rarely used in applied econometrics. We list several misconceptions about robustness which lead to this situation. We show that most data sets are not normal, least squares…
AI systems can now cheaply generate plausible scientific artifacts such as papers, reviews, and surveys. This creates a risk of \emph{epistemic pollution} in our scientific systems, where unreliable but plausible-looking artifacts can…
As scientists we like to think that modern societies and their members base their views, opinions and behaviour on scientific facts. This is not necessarily the case, even though we are all (over-) exposed to information flow through…
The origins of economic behavior remain unresolved-not only in the social sciences but also in AI, where dominant theories often rely on predefined incentives or institutional assumptions. Contrary to the longstanding myth of barter as the…
The 2008 global financial crisis marked the beginning of a decade dominated by fiscal austerity policies in much of the developed world. This paper presents a qualitative narrative review of an extensive collection of academic literature to…
We analyze a science collaboration network, i.e. a network whose nodes are scientists with edges connecting them for each paper published together. Furthermore we develop a model for the simulation of discontiguous small-world networks that…
Cryptocurrency refers to a type of digital asset that uses distributed ledger, or blockchain, technology to enable a secure transaction. Although the technology is widely misunderstood, many central banks are considering launching their own…