definition

Chameleon Models Straddle Two Worlds

A 'chameleon model' illegitimately straddles two worlds: it is presented as having real-world policy implications, but when criticized for unrealistic assumptions it retreats to being 'just a logical exercise,' thereby gaining an ontological status it doesn't deserve without passing through the filter of testing its assumptions.

definitionpending

Speaker

Paul Pfleiderer

Evidence Quote

it acquires an ontological status that it doesn't deserve when other people in a policy debate, for example, simply say that, oh we have to be concerned about this because x has in a model shown that this happens.

Source

Paul Pfleiderer on the Misuse of Economic ModelsEconTalk
Created: 6/13/2026, 12:27:00 AM

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