Against representative agent methodology

Against representative agent methodology Garnett and Boettke both seek to identify the appropriate behavior for the representative scientist. The social structure of science is better represented, however, with a heterogeneous agent model. Social epistemology and epistemological naturalism provide context for the argument against representative agent methodology. Asking whether individual scientists should “commit themselves to an approach and pursue it doggedly” or make “a professional commitment to intellectual tolerance, openness, and broad-mindedness” is like asking whether it is better to be a bouncer or a bookkeeper. The question depends on particulars that vary from person to person. Down with representative agent methodology. Up with diversity. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Review of Austrian Economics Springer Journals

Against representative agent methodology

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Publisher
Springer US
Copyright
Copyright © 2010 by Springer Science+Business Media, LLC
Subject
Economics; Public Finance; Political Science; History of Economic Thought/Methodology
ISSN
0889-3047
eISSN
1573-7128
D.O.I.
10.1007/s11138-010-0119-z
Publisher site
See Article on Publisher Site

Abstract

Garnett and Boettke both seek to identify the appropriate behavior for the representative scientist. The social structure of science is better represented, however, with a heterogeneous agent model. Social epistemology and epistemological naturalism provide context for the argument against representative agent methodology. Asking whether individual scientists should “commit themselves to an approach and pursue it doggedly” or make “a professional commitment to intellectual tolerance, openness, and broad-mindedness” is like asking whether it is better to be a bouncer or a bookkeeper. The question depends on particulars that vary from person to person. Down with representative agent methodology. Up with diversity.

Journal

The Review of Austrian EconomicsSpringer Journals

Published: Jul 9, 2010

References

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