Template-Type: ReDIF-Article 1.0
Author-Name:  Asad Zaman
Author-Email: asad.zaman@alumni.stanford.edu
Author-Workplace-Name:    Professor of Economics, Former Vice Chancellor, Pakistan Institute of Development Economics, Islamabad, Pakistan
Author-Name:  Taseer Salahuddin
Author-Email: salahuddin.taseer@gmail.com
Author-Workplace-Name: Assistant Professor of Economics, Government Sadiq College Women University, Bahawalpur, Pakistan 
Title:  Models and Reality:  How Did Models Divorced from Reality Become Epistemologically Acceptable?
Abstract:This is an introductory article which explains the importance of explicit consideration and modeling of causality, contrary to current econometric practice, in order to use data set for
 extraction of meaningful information. One of the easiest to understand approaches to causality is via Simpson’s paradox. We will use this paradox, framed in different real-world
  contexts, to provide an introduction to basic concepts of causality.
Classification-JEL:  C0, C1.
Keywords: Simpson's Paradox, Causality, Econometrics, Confounders, Mediators.
Journal: International Econometric Review
Pages: 50-74
Volume: 12
Issue: 1
Year: 2020
Month: April
File-URL: http://www.era.org.tr/makaleler/110120.pdf
File-Format: Application/pdf
Handle: RePEc:erh:journl:v:12:y:2020:i:1:p:50-74