The Power of Assumptions

DOI: 10.4236/me.2011.24056   PDF   HTML     5,138 Downloads   8,355 Views   Citations


This paper examines computational merits provided by assumptions made in scientific modeling, especially regression, by trying to exhibit abstractly a model deprived of those assumptions. It shows that the principle of Occam’s Razor has been mistakenly used as model developers’ justification to keep scientific models “as simple as possible”, and that the cost of inflating computability is truncation of model robustness.

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Y. Zou, "The Power of Assumptions," Modern Economy, Vol. 2 No. 4, 2011, pp. 514-520. doi: 10.4236/me.2011.24056.

Conflicts of Interest

The authors declare no conflicts of interest.


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