2000 | OriginalPaper | Chapter
Model and Reality — The Principle of Simplicity within the Empirical Sciences
Authors : Wolfgang Eichhorn, Ulrike Leopold-Wildburger
Published in: Optimization, Dynamics, and Economic Analysis
Publisher: Physica-Verlag HD
Included in: Professional Book Archive
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Albert Einstein’s request to those who create models in physics or even more general in the empirical sciences was: “ Make things as simple as possible, but not simpler! ” The opinion of further famous physicists including Werner Heisenberg was that connections in physics are based on simple principles. These ideas lead us to the following questions, which we want to ask in connection with the natural sciences as well as with other empirical sciences, including economics: