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Nonparametric Applications of Bayesian Inference

Chamberlain, Gary - 1996

The paper evaluates the usefulness of a nonparametric approach to Bayesian inference by presenting two applications. The approach is due to Ferguson (1973, 1974) and Rubin (1981). Our first application considers an educational choice problem. We focus on obtaining a predictive distribution for...

Persistent link: https://www.econbiz.de/10012473148

On the Informativeness of Descriptive Statistics for Structural Estimates

Andrews, Isaiah - 2018

We propose a way to formalize the relationship between descriptive analysis and structural estimation. A researcher reports an estimate ĉ of a structural quantity of interest c that is valid under some models. The researcher also reports descriptive statistics γ̂ that estimate features γ of...

Persistent link: https://www.econbiz.de/10012480868

Graphics for Data Analysis

Welsch, Roy E. - 1974

data analysis, economics, and management science. The system can be accessed nationwide by nonprofit organizations via the …

Persistent link: https://www.econbiz.de/10012479083

Inference with "Difference in Differences" with a Small Number of Policy Changes

Conley, Timothy - 2005

Difference in differences methods have become very popular in applied work. This paper provides a new method for inference in these models when there are a small number of policy changes. This situation occurs in many implementations of these estimators. Identification of the key parameter...

Persistent link: https://www.econbiz.de/10012467208

Optimal Inference in Regression Models with Nearly Integrated Regressors

Jansson, Michael - 2004

This paper considers the problem of conducting inference on the regression coefficient in a bivariate regression model with a highly persistent regressor. Gaussian power envelopes are obtained for a class of testing procedures satisfying a conditionality restriction. In addition, the paper...

Persistent link: https://www.econbiz.de/10012467806

Nonparametric Estimation of Average Treatment Effects under Exogeneity : A Review

Imbens, Guido W. - 2003

Recently there has been a surge in econometric work focusing on estimating average treatment effects under various sets of assumptions. One strand of this literature has developed methods for estimating average treatment effects for a binary treatment under assumptions variously described as...

Persistent link: https://www.econbiz.de/10012468665

Errors in Probabilistic Reasoning and Judgment Biases

Benjamin, Daniel J. - 2018

modern behavioral economics. This chapter reviews theory and evidence on this topic, with the goal of facilitating more … systematic study of belief biases and their integration into economics. The chapter discusses biases in beliefs about random …, pointing to areas of economics to which the biases are relevant, and highlighting some possible directions for future work …

Persistent link: https://www.econbiz.de/10012480852

Credible Ecological Inference for Personalized Medicine : Formalizing Clinical Judgment

Manski, Charles F. - 2016

This paper studies the ecological inference problem that arises when clinicians seek to personalize patient care by making health risk assessments conditional on observed patient attributes. Let y be a patient outcome of interest and let (x = k, w = j) be patient attributes that a clinician...

Persistent link: https://www.econbiz.de/10012456037

Viewpoint : The Human Capital Approach to Inference

MacLeod, W. Bentley - 2016

combine them. The first approach, ubiquitous in economics, is based upon the Rubin/Holland potential outcomes model and relies …

Persistent link: https://www.econbiz.de/10012456551

The Aggregate Implications of Regional Business Cycles

Beraja, Martin - 2016

Making inferences about aggregate business cycles from regional variation alone is difficult because of economic channels and shocks that differ between regional and aggregate economies. However, we argue that regional business cycles contain valuable information that can help discipline models...

Persistent link: https://www.econbiz.de/10012456717