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Persistent link: https://www.econbiz.de/10011640499
, in the difficulty of obtaining what is viewed as 'hard' evidence in support of some of the central claims. For example … only kind of evidence accepted by much of the profession is the testing of econometric hypotheses generated from formal … models. The sort of evidence found in persuasive sources such as DeLong's 'Cornucopia' consists of historical examples and …
Persistent link: https://www.econbiz.de/10004966922
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I address the topic of pragmatic methodology as a practitioner in applied microeconomics who has been working in the … still nascent field of the 'economics of organization'. My purpose is both to make explicit the methodology out of which … will develop in the process, maybe even a consensus. At a minimum, it will be useful to have each implicit methodology made …
Persistent link: https://www.econbiz.de/10004966921
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
We examine the issue of variable selection in linear regression modelling, where we have a potentially large amount of possible covariates and economic theory offers insufficient guidance on how to select the appropriate subset. In this context, Bayesian Model Averaging presents a formal...
Persistent link: https://www.econbiz.de/10010588325
We develop methods for testing whether, in a finite sample, forecasts from nested models are equally accurate. Most prior work has focused on a null of equal accuracy in population — basically, whether the additional coefficients of the larger model are zero. Our asymptotic approximation...
Persistent link: https://www.econbiz.de/10011209274
We propose a novel Bayesian Graded Response Model (BGRM) for food security measurement. Our BGRM has several attractive features. It produces continuous food security estimates and measures of estimation uncertainty at the household level. Unlike the USDA's official measurement model, the BGRM...
Persistent link: https://www.econbiz.de/10014544738
unobserved teacher quality is the same for all students is rejected by the data. We also present evidence that No Child Left …
Persistent link: https://www.econbiz.de/10014322772