Students are able to:
- distinguish between false positives and false negatives;
- calculate the conditional probability of an event using Bayes' theorem based on a simple numerical example;
- describe how different rationality models consider different decisions to be rational based on simple examples;
- give examples of why correlation is not causation;
- describe various sources of value judgements in economics;
- describe methodological problems in economic experiments.
|
Students are familiar with the following concepts, problems and models in the philosophy of science:
- alternative models of rationality;
- base-rate fallacy;
- arguments and models of logically valid arguments;
- deduction, induction and the induction problem;
- regression, correlation, causality and mechanism;
- fact/value entanglement;
- alternative models of scientific experimentation.
|
