This paper is a theoretical analysis of individual and societal demands for life saving. We begin by demonstrating that the allocation of health expenditures to maximize lives saved may be inconsistent with the willingness-to-pay criterion and consumer sovereignty. We further investigate the...

Researchers do not adequately appreciate that floating-point numbers are a simulation of real numbers and, as with all simulations, some features are preserved while others are not. When writing code, or even do-files, treating the computer's floating-point numbers as if they were real numbers...

Researchers do not adequately appreciate that floating-point numbers are a simulation of real numbers and, as with all simulations, some features are preserved while others are not. When writing code, or even do-files, treating the computer's floating-point numbers as if they were real numbers...

Mata is both an interactive environment for manipulating matrices and a full development environment that produces compiled and optimized code. This talk will cover both applications, with an emphasis on how you can use Mata to quickly program solutions and how you can easily create new Stata...