A Model of Scientific Communication

Isaiah Andrews and Jesse Shapiro

Econometrica, 2021, vol. 89, issue 5, 2117-2142

Abstract: We propose a positive model of empirical science in which an analyst makes a report to an audience after observing some data. Agents in the audience may differ in their beliefs or objectives, and may therefore update or act differently following a given report. We contrast the proposed model with a classical model of statistics in which the report directly determines the payoff. We identify settings in which the predictions of the proposed model differ from those of the classical model, and seem to better match practice.

Date: 2021
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Citations: View citations in EconPapers (15)

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https://doi.org/10.3982/ECTA18155

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Working Paper: A Model of Scientific Communication (2020)
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