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"The empirical economist's toolkit : from models to methods"

Panhans, Matthew T.; Singleton, John D. - 2015

wide application of these methods as a "credibility revolution" in econometrics that has finally provided persuasive … crisis in econometrics. …

Persistent link: https://www.econbiz.de/10011602961

Normalization in Econometrics

Hamilton, James D.; Waggoner, Daniel F.; Zha, Tao A. - 2014

The issue of normalization arises whenever two different values for a vector of unknown parameters imply the identical economic model. A normalization does not just imply a rule for selecting which point, among equivalent ones, to call the maximum likelihood estimator (MLE). It also governs the...

Persistent link: https://www.econbiz.de/10014048577

The Empirical Economist's Toolkit : From Models to Methods

Panhans, Matthew; Singleton, John D. - 2016

wide application of these methods as a "credibility revolution" in econometrics that has finally provided persuasive … crisis in econometrics …

Persistent link: https://www.econbiz.de/10014135469

Why Has Econometric Inference Been Possible?

Holcblat, Benjamin - 2016

invalid in this case. Given the success of empirical econometrics, this leads to the question: Why has econometric inference …

Persistent link: https://www.econbiz.de/10013004079

Can Econometrics Rescue 'The Economics'?

Siddique, Zahid - 2017

Economists disagree; this is a matter of fact. Economics has an empirical methodology to verify whatever theories economists from different schools of thought advance in order to explain the economic phenomenon. This empirical methodology lends economists the confidence that most of the...

Persistent link: https://www.econbiz.de/10012948475

Yes, Econometrics is Alchemy

Yang, Morong - 2016

Econometrics is considered scientific under two notions: it applies statistical method for analyzing economic data; and … noninvolvement of statistical method in econometrics. Econometrics is not empirical because it neither investigates particular … situations nor determines kinds. On the other hand, econometrics, by letting an uncontrollable error term in regression models …

Persistent link: https://www.econbiz.de/10012979811

Econometric Information Recovery in Behavioral Networks

Judge, George - 2016

In this paper we suggest an approach to recovering behavior related, preference-choice network information from observational data. We model the process as a self-organized behavior based random exponential network-graph system. To address the unknown nature of the sampling model in recovering...

Persistent link: https://www.econbiz.de/10012984692

Chapter 3. Spatial Methods

Gibbons, Steve; Overman, Henry G.; Patacchini, Eleonora - In: Handbook of regional and urban economics : volume 5, (pp. 115-168). 2015

This chapter is concerned with methods for analyzing spatial data. After initial discussion of the nature of spatial data, including the concept of randomness, we focus most of our attention on linear regression models that involve interactions between agents across space. The introduction of...

Persistent link: https://www.econbiz.de/10014025316

A causal approach to test empirical capital structure regularities

Cenci, Simone; Kealhofer, Stephen - In: The Journal of finance and data science : JFDS 8 (2022), pp. 214-232

Capital structure theories are often formulated as causal narratives to explain which factors drive financing choices. These narratives are usually examined by estimating cross-sectional relations between leverage and its determinants. However, the limitations of causal inference from...

Persistent link: https://www.econbiz.de/10014433694

Generation Next : Experimentation with AI

Charness, Gary; Jabarian, Brian; List, John A. - National Bureau of Economic Research - 2023

We investigate the potential for Large Language Models (LLMs) to enhance scientific practice within experimentation by identifying key areas, directions, and implications. First, we discuss how these models can improve experimental design, including improving the elicitation wording, coding...

Persistent link: https://www.econbiz.de/10014372436