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econometrics |
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econometricsApplication of mathematical and statistical analysis to the study of economic relationships, including testing economic theories and making quantitative predictions. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| The exercise I have in mind is more like the "scenarios" pioneered by Royal-Dutch Shell economists than the "simulations" of the econometricians. Because of their training in graduate level economics, many modelers call themselves econometricians. Economics, as understood by most lawyers, is far removed from calculations and equations used by econometricians, but as a field, American law accepts the notion that neoclassical economics is a way to understand and assess human decisions, particularly choices of risks and benefits. |
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econometricians
