The article examines several stochastic layers of epistemic reasoning at work in econometrics and in the current economic methods: (1) the argumentative level; (2) the reasoning based on the analogy with gambling; (3) the models based on analytical calculation of probabilities, where the phenomenon is held centered, its uncertainty being controlled by white noise as to its fluctuation; (4) the axiomatic calculus. Entanglement of these strata is observed. The article calls for reflexion on the topic. Doing so, it introduces the concept of stochastic cognitive artifacts.

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http://dx.doi.org/10.1007/s11873-015-0278-yDOI Listing

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The article examines several stochastic layers of epistemic reasoning at work in econometrics and in the current economic methods: (1) the argumentative level; (2) the reasoning based on the analogy with gambling; (3) the models based on analytical calculation of probabilities, where the phenomenon is held centered, its uncertainty being controlled by white noise as to its fluctuation; (4) the axiomatic calculus. Entanglement of these strata is observed. The article calls for reflexion on the topic.

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