Explanation, prediction, and conceptual exploration

Journal of Economic Methodology:1-9 (forthcoming)
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Abstract

This essay aims to provide a rigorous foundation for Gilboa's, Postlewaite's, Samuelson's and Schmeidler's (GPSS's) account of the constitution of models and the role of models in explanation and prediction. Although I shall offer some criticisms, my goal is to sketch analyses of explanations and models that complement GPSS's distinctions between the uses of models to explain, prescribe, predict, and explore the consequences of theories.

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10.1080/1350178x.2024.2326909

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Daniel Hausman
University of Wisconsin, Madison

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