Is Scientific Knowledge Useful for Policy Analysis? A Peculiar Theorem Says: No

Conventional wisdom dictates that the more we know about a problem domain the easier it is to predict the effects of policies in that domain. Strangely, this wisdom is not sanctioned by formal analysis, when the notions of “knowledge” and “policy” are given concrete definitions in the context of nonparametric causal analysis. This note describes this peculiarity and speculates on its implications.

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Year of publication:	2014
Authors:	Judea, Pearl
Published in:	Journal of Causal Inference. - De Gruyter. - Vol. 2.2014, 1, p. 4-4
Publisher:	De Gruyter

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011016333