id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
work_xjs6qnqs4bc4fdvc73bf4qdtee	Aki Lehtinen	Computing the Perfect Model: Why Do Economists Shun Simulation?*	2007	26	.pdf	application/pdf	11624	676	44	Simple computation is a form of theory articulation, whereas true simulation is analogous to an experimental procedure. analytical models, and computer simulations provide one way of dealing social sciences into four basic categories: microsimulations, discretizations, Monte Carlo simulations, and models based on cellular automata 1995), but those based on analytical models are published either in economics journals Kenneth Judd (1997) puts the methodological choice between analytical models and simulations in terms of However, the perfect model should also be analytically tractable; complex causal interaction and numerical accuracy can and should be sacrificed in order to retain the methodological integrity of economics. A typical pair of analytical economic results might state, for example, that the equilibrium value of Y is in model , and 1 in(b � c)/2 M5 Simulations also seem to lack the generality of analytical models in is therefore just as possible with simulation models as with analytical	./cache/work_xjs6qnqs4bc4fdvc73bf4qdtee.pdf	./txt/work_xjs6qnqs4bc4fdvc73bf4qdtee.txt