Article(electronic)November 1, 2014

Claim Validation

In: American economic review, Volume 104, Issue 11, p. 3725-3736

Checking availability at your location

Abstract

Hume (1748) challenged the idea that a general claim (e.g., "all swans are white") can be validated by empirical evidence, no matter how compelling. We examine this issue from the perspective of a tester who must accept or reject the forecasts of a potential expert. If experts can be skeptical about the validity of claims then they can evade rejection strategically. In contrast, if experts are required to conclude that claims backed by sufficient evidence are likely to be true, then they can be tested and rejected. These results provide an economic rationale for claim validation based on incentive problems. (JEL D82)

Languages

English

Publisher

American Economic Association

ISSN: 1944-7981

DOI

10.1257/aer.104.11.3725

Report Issue

If you have problems with the access to a found title, you can use this form to contact us. You can also use this form to write to us if you have noticed any errors in the title display.