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Materials Selection in Economic Modeling

Boumans, Marcel (2023) Materials Selection in Economic Modeling. [Preprint]

Material Selection - accepted.pdf

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Templates travel because they offer a tractable format that can be used for model-building in a variety of domains. It is often because of this quality that a particular template is chosen. But one cannot assume that there are always templates ready to model a new phenomenon, and moreover, templates have also been designed at some point. A critical aspect of this designing process is the choice of the mathematical objects with which one hopes to capture this phenomenon. This means that one has to assess which of the properties of different kinds of mathematical objects and which combinations of them are most appropriate. The selection of these objects is based on whether their properties enable the model to perform its function. This selection of mathematical objects is similar to the selection of materials in mechanical design.

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Item Type: Preprint
Boumans, Marcel0000-0002-8717-8148
Additional Information: Accepted for publication in Synthese, TC "Transdisciplinary Model and Template Transfer."
Keywords: business cycle model, mathematical form, materials selection, model building, template
Subjects: General Issues > Models and Idealization
Depositing User: Marcel Boumans
Date Deposited: 06 Mar 2023 14:20
Last Modified: 06 Mar 2023 14:20
Item ID: 21834
Subjects: General Issues > Models and Idealization
Date: 2023

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