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Lovely and likely: Using historical methods to improve inference to the best explanation in strategy

Sandeep Devanatha Pillai - ; Brent Goldfarb - ; David Kirsch - ;

Research Summary: Many strategy studies implicitly rely upon inference to the best explanation (IBE) or modern abduction. We leverage recent work in the philosophy of science to consider how we arrive at “best” explanations, explanations that are lovely, in the sense that they are useful, general, and provide meaning, and likely, in the sense that they are close to the truth. Interpretation of observational results requires an understanding of context that statistical analysis alone cannot provide. At that point of encounter, historical methods—hermeneutics, contextualization and source criticism—can improve IBE by helping scholars (1) generate new candidate explanations and (2) systematically judge, privilege, and balance the explanatory virtues that constitute the loveliness and likeliness of explanations.

Managerial Summary: Many strategy studies iteratively use data and theory to inference to the best explanation of observed phenomena. We leverage recent work in the philosophy of science to consider how we arrive at best explanations that are useful, general, provide meaning, and, at the same time, are close to the truth. Interpreting observational results requires an understanding of the context that statistical analysis alone cannot provide. At that point of encounter, methodological tools from the field of history can improve the process of determining the best explanation by helping scholars (1) generate new candidate explanations and (2) systematically judge and privilege explanations.


Ketersediaan

Call NumberLocationAvailable
PSB lt.2 - Karya Akhir (Majalah)1
PenerbitUSA: Strategic Management Society 2024
EdisiVol. 45 Issue 8, Aug 2024
SubjekPhilosophy of science
Abduction
Explanation
Historical methods
ISBN/ISSN1097-0266
KlasifikasiNONE
Deskripsi Fisik208 p.
Info Detail SpesifikStrategic Management Journal
Other Version/RelatedTidak tersedia versi lain
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  • Lovely and likely: Using historical methods to improve inference to the best explanation in strategy

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