Belzil, Christian (contributor) - 2007
econometrician does not even need to use data on outcomes.
7
To my knowledge, the first micro econometric model that allows for … knowledge of one’s abilities in the labor market requires a
form of perfect foresight.
9
Obviously, the RE hypothesis is also … method that may
work in a context where agents have imperfect knowledge about their abil-
ities and where econometricians do …