Philosophy of science in business studies

Question 1

What is descriptive inference?

Answer 1

the process of drawing conclusions about the characteristics or patterns of a dataset based on observed facts, without making causal claims. It focuses on describing what is happening, rather than explaining why it is happening.

Question 2

What is casual inference?

Answer 2

Causal inference is the process of determining cause-and-effect relationships between events or factors, going beyond correlation to understand how one event leads to another.

Question 3

What is metaphysics?

Answer 3

Fundamental nature of reality “being-as-such”. It addresses questions that go beyond the physical and empirical, focusing on what lies beneath or beyond the observable world.

Close to ontology.

Question 4

What is realism?

Answer 4

abstract universals, e.g. Platonic forms

Question 5

What is nominalism?

Answer 5

Aristotelian critique

Question 6

What is nomothetic methods?

Answer 6

Nomothetic methods aim to find general laws or patterns that apply to large groups by comparing many cases, often using large samples. It focuses on understanding general trends or occurrences of a phenomenon.

Question 7

What are ideographic methods?

Answer 7

Ideographic methods aim to understand specific cases deeply, focusing on particular contexts to gain broader insights. It typically involves studying fewer cases to keep the depth of the analysis, and can sometimes involve comparisons.

Question 8

What are the three assumptions in science?

Answer 8

Ontology, epistemology, methodology

Question 9

What is falsificationism?

Answer 9

it purports that a theory is only scientific when it is empirically testable, or, it can be falsified