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Record W7128023502 · doi:10.31039/plic.2024.12.267

The Role of Mathematics in Economics: Necessity or Contradiction?

2024· article· W7128023502 on OpenAlex
Cihan Bulut

Why this work is in the frame

A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.

affAt least one author lists a Canadian institution in the pinned OpenAlex snapshot.

Bibliographic record

VenueProceedings of London International Conferences · 2024
Typearticle
Language
FieldMathematics
TopicStatistics Education and Methodologies
Canadian institutionsGeorge Brown College
Fundersnot available
KeywordsConsistency (knowledge bases)Mathematical modelFace (sociological concept)Econometric modelRegression analysisEconomic modelMathematical problem

Abstract

fetched live from OpenAlex

This study addresses the relationship between economics and mathematics, drawing attention to the fact that although economics is a social science, mathematics plays an important role in understanding economic processes. Due to the complexity of human behavior, it isn't easy to achieve mathematical precision in economics. However, thanks to mathematical tools such as econometrics and modeling, it is possible to plan, predict, and analyze the relationships between economic variables. Therefore, using of mathematics in economics is necessary. It is stated that correlations should be understood in understanding the relationships between economic activities and the extent of the relationships. The development of regression models is emphasized in predicting future trends and supporting decision-making processes. However, the difficulties economists face when using advanced mathematical techniques are mentioned. Despite some of the difficulties, risk, and uncertainty conditions mentioned, it is emphasized that mathematical or econometric analyses continue to be important for planning and making consistent estimates and that some conveniences have been experienced with technological developments. As a result, it is stated that a balanced approach is needed in using mathematical tools in economics. In other words, it is stated that models, which are merely tools rather than goals for economic analysis, have limitations and that it is desired to benefit from the prediction and consistency of these tools. Additionally, it is suggested that future education should both update and follow the analysis tools offered by technology and place more emphasis on mathematical and econometric knowledge to develop the ability to better predict uncertainties.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.002
metaresearch head score (Gemma)0.004
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: Theoretical or conceptual
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.136
Threshold uncertainty score0.667

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0020.004
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0010.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.080
GPT teacher head0.370
Teacher spread0.290 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it