Introduction: is data mining a methodological problem?

Abstract

This survey of the symposium papers argues that the problem of data mining should be of interest to both practicing econometricians and specialists in economic methodology. After summarizing some of the main points to arise in the symposium, it draws on recent work in the philosophy of science to point to parallels between data mining and practices engaged in routinely by experimental scientists. These suggest that data mining might be seen in a more positive light than conventional doubts about it imply.

Keywords:

• Data Mining
• Econometrics
• Econometric Methodology
• Economic Methodology
• Experiments
• Philosophy Of Science
• Experimental Method