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decision model, (b) moving from the decision model to a moment inequality model, (c) choosing a test statistic and critical … "why", and then illustrate how to take these steps to practice in an empirical application that studies identification of …
Persistent link: https://www.econbiz.de/10014247961
Econometric software packages typically report a fixed number of decimal digits for coefficient estimates and their associated standard errors. This practice misses the opportunity to use rounding rules that convey statistical precision. Using insights from the testing statistical hypotheses of...
Persistent link: https://www.econbiz.de/10014486216
When economists analyze a well-conducted RCT or natural experiment and find a statistically significant effect, they conclude the null of no effect is unlikely to be true. But how frequently is this conclusion warranted? The answer depends on the proportion of tested nulls that are true and the...
Persistent link: https://www.econbiz.de/10014372423
future outcomes that accounts for strategic misreporting. Misreporting may invalidate existing point-identification …
Persistent link: https://www.econbiz.de/10014544713
We propose a new specification test to assess the validity of the judge leniency design. We characterize a set of sharp … judge leniency design assumptions. The proposed sharp test is asymptotically valid and consistent and will not make …) estimand can recover the Marginal Treatment Effect. Simulation studies show our test outperforms existing non-sharp tests by …
Persistent link: https://www.econbiz.de/10014544734
effects. In this paper, we discuss identification of a panel data model in which the unobserved heterogeneity both enters … additively and interacts with treatment variables. We present identification and estimation methods for parameters of interest in … this model under both strict and weak exogeneity assumptions. The key identification insight is that other periods …
Persistent link: https://www.econbiz.de/10014322772
While linking records across large administrative datasets ["big data"] has the potential to revolutionize empirical social science research, many administrative data files do not have common identifiers and are thus not designed to be linked to others. To address this problem, researchers have...
Persistent link: https://www.econbiz.de/10014250118
This paper introduces a simulation algorithm for evaluating the log-likelihood function of a large supermodular binary-action game. Covered examples include (certain types of) peer effect, technology adoption, strategic network formation, and multi-market entry games. More generally, the...
Persistent link: https://www.econbiz.de/10014322897
We propose a statistical model of differences in beliefs in which heterogeneous investors are represented as different machine learning model specifications. Each investor forms return forecasts from their own specific model using data inputs that are available to all investors. We measure...
Persistent link: https://www.econbiz.de/10014337816
We develop new semiparametric methods for estimating treatment effects. We focus on a setting where the outcome distributions may be thick tailed, where treatment effects are small, where sample sizes are large and where assignment is completely random. This setting is of particular interest in...
Persistent link: https://www.econbiz.de/10012629462