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Contamination Bias in Linear Regressions
Goldsmith-Pinkham, Paul; Hull, Peter; Kolesár, Michal - National Bureau of Economic Research - 2022
treatments are conditionally randomly assigned and the controls are sufficiently flexible to avoid omitted variables bias … treatments. Thus, recent concerns about heterogeneity-induced bias in regressions leveraging potential outcome restrictions (e … contamination bias and propose a new class of efficient estimators of weighted average effects that avoid bias. In a re-analysis of …
Persistent link: https://www.econbiz.de/10013334327
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The Shadow Price of Capital : Accounting for Capital Displacement in Cost Benefit Analysis
Newell, Richard G.; Pizer, William A.; Prest, Brian C. - National Bureau of Economic Research - 2023
Government analysts have long used discount rates based on investment rates of return to approximate the effect of capital displacement. However, we show how this approach is not well grounded in economic theory and produces highly biased results, particularly in the context of decisions...
Persistent link: https://www.econbiz.de/10014337760
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The Dynastic Benefits of Early Childhood Education : Participant Benefits and Family Spillovers
García García-Menéndez, Jorge Luis; Bennhoff, Frederik H. - National Bureau of Economic Research - 2023
We demonstrate the social efficiency of investing in high-quality early childhood education using newly collected data from the HighScope Perry Preschool Project. The data analyzed are the longest follow-up of any randomized early childhood education program. Annual observations of participant...
Persistent link: https://www.econbiz.de/10014337789
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The Benefits and Costs of U.S. Employer COVID-19 Vaccine Mandates
Ferranna, Maddalena; Robinson, Lisa A.; Cadarette, Daniel; … - National Bureau of Economic Research - 2022
In 2021, the Biden Administration issued mandates requiring COVID-19 vaccinations for U.S. federal employees and contractors and for some healthcare and private sector workers. Although these mandates have been subject to legal challenges and some have been halted or delayed, rigorous appraisal...
Persistent link: https://www.econbiz.de/10013361993
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Estimating the Value of a Statistical Life : The Importance of Omitted Variables and Publication Bias
Ashenfelter, Orley - 2004
In this paper we show that omitted variables and publication bias lead to severely biased estimates of the value of a …
Persistent link: https://www.econbiz.de/10012468292
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The Impact of Fake Reviews on Demand and Welfare
Akesson, Jesper; Hahn, Robert William; Metcalfe, Robert D. - National Bureau of Economic Research - 2023
effects of fake reviews on individual demand and welfare. We conduct an incentive-compatible online experiment with a …
Persistent link: https://www.econbiz.de/10014436967
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Generation Next : Experimentation with AI
Charness, Gary; Jabarian, Brian; List, John A. - National Bureau of Economic Research - 2023
improving the elicitation wording, coding experiments, and producing documentation. Second, we discuss the implementation of … experiments using LLMs, focusing on enhancing causal inference by creating consistent experiences, improving comprehension of …
Persistent link: https://www.econbiz.de/10014372436
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Is it the Message or the Messenger? Examining Movement in Immigration Beliefs
Afrouzi, Hassan; Arteaga, Carolina; Weisburst, Emily - National Bureau of Economic Research - 2023
that matters? Using a large-scale experiment we decompose the relative importance of partisan messages vs leader sources …
Persistent link: https://www.econbiz.de/10014322773
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Combining Human Expertise with Artificial Intelligence : Experimental Evidence from Radiology
Agarwal, Nikhil; Moehring, Alex; Rajpurkar, Pranav; … - National Bureau of Economic Research - 2023
assisted by AI predictions could outperform both human-alone or AI-alone. We conduct an experiment with professional …
Persistent link: https://www.econbiz.de/10014322809
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Optimal Income Taxation
Kaplow, Louis - National Bureau of Economic Research - 2022
This article explores subjects in optimal income taxation characterized by recent research interest, practical importance in light of concerns about inequality, potential for misunderstanding, and prospects for advancement. Throughout, the analysis highlights paths for further investigation....
Persistent link: https://www.econbiz.de/10013334417