The information criterion in model selection

Roger W. Klein

doi:10.1016/0165-1765(79)90125-3

The information criterion in model selection

Research output: Contribution to journal › Article › peer-review

Abstract

This note argues that the recent emphasis on model size (e.g., dimensionality) for choosing among economic models is misleading. With a reasonable formulation of prior information, it is important to take into account the a priori theoretical economic rationale for an economic model.

Original language	English (US)
Pages (from-to)	243-248
Number of pages	6
Journal	Economics Letters
Volume	3
Issue number	3
DOIs	https://doi.org/10.1016/0165-1765(79)90125-3
State	Published - 1979
Externally published	Yes

All Science Journal Classification (ASJC) codes

Finance
Economics and Econometrics

Access to Document

10.1016/0165-1765(79)90125-3

Cite this

@article{ebcd0c2c1a77454babd59d2d21b91c37,

title = "The information criterion in model selection",

abstract = "This note argues that the recent emphasis on model size (e.g., dimensionality) for choosing among economic models is misleading. With a reasonable formulation of prior information, it is important to take into account the a priori theoretical economic rationale for an economic model.",

author = "Klein, {Roger W.}",

year = "1979",

doi = "10.1016/0165-1765(79)90125-3",

language = "English (US)",

volume = "3",

pages = "243--248",

journal = "Economics Letters",

issn = "0165-1765",

publisher = "Elsevier B.V.",

number = "3",

}

TY - JOUR

T1 - The information criterion in model selection

AU - Klein, Roger W.

PY - 1979

Y1 - 1979

N2 - This note argues that the recent emphasis on model size (e.g., dimensionality) for choosing among economic models is misleading. With a reasonable formulation of prior information, it is important to take into account the a priori theoretical economic rationale for an economic model.

AB - This note argues that the recent emphasis on model size (e.g., dimensionality) for choosing among economic models is misleading. With a reasonable formulation of prior information, it is important to take into account the a priori theoretical economic rationale for an economic model.

UR - http://www.scopus.com/inward/record.url?scp=49249149003&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=49249149003&partnerID=8YFLogxK

U2 - 10.1016/0165-1765(79)90125-3

DO - 10.1016/0165-1765(79)90125-3

M3 - Article

AN - SCOPUS:49249149003

SN - 0165-1765

VL - 3

SP - 243

EP - 248

JO - Economics Letters

JF - Economics Letters

IS - 3

ER -

The information criterion in model selection

Abstract

All Science Journal Classification (ASJC) codes

Access to Document

Other files and links

Fingerprint

Cite this