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Financial returns to collecting rare political economy books
Ursprung, Heinrich W. - 2021
Rare books of political economy are eminently collectable. Using historical prices, I employ hedonic regressions to estimate financial returns to collecting the works of ten eminent political economists and develop a price index for this corpus of collectables. For the observation period...
Persistent link: https://www.econbiz.de/10012437910
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"The way in which an experiment is conducted is unbelievably Important" : on the experimentation practices of economists and psychologists
Ortmann, Andreas - 2009
To discuss experimental results without discussing how they came about makes sense when the results are robust to the way experiments are conducted. Experimental results, however, are - arguably more often than not - sensitive to numerous design and implementation characteristics such as the use...
Persistent link: https://www.econbiz.de/10003923272
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On the generalizability of experimental results in economics : with a response to commentors
Al-Ubaydli, Omar; List, John A. - 2013
study provides an overview of experimental methods in economics, with a special focus on developing an economic theory of …
Persistent link: https://www.econbiz.de/10010223362
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How "Chicagoan" are Gary Becker's economic models of marriage?
Grossbard-Shechtman, Shoshana - 2009
models. At the market level, Becker offers two major types of models: partial equilibrium models based on Price Theory as … possible intellectual influences on Becker's theory of marriage, compares Becker's research on marriage with that of some …
Persistent link: https://www.econbiz.de/10003850161
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A ranking method based on handicaps
Demange, Gabrielle - 2014
Ranking methods are fundamental tools in many areas. Popular methods aggregate the statements of 'experts' in different ways. As such, there are various reasonable ranking methods, each one of them more or less adapted to the environment under consideration. This paper introduces a new method,...
Persistent link: https://www.econbiz.de/10010246005
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Non-standard errors
Menkveld, Albert J. - 2021
In statistics, samples are drawn from a population in a data-generating process (DGP). Standard errors measure the uncertainty in sample estimates of population parameters. In science, evidence is generated to test hypotheses in an evidence-generating process (EGP). We claim that EGP variation...
Persistent link: https://www.econbiz.de/10012696895
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On credibility and causality in economics : a critical appraisal
Bergh, Andreas; Wichardt, Philipp C. - 2024 - This version: July 9, 2024
Establishing causal relationships is a core aspect of empirical economics. Borrowing ideas from the medical sciences … its fit with the existing background knowledge. Moreover, we argue that the current paradigm in economics (often connected … illustrate and substantiate this view, we discuss various excellent studies from different fields of economics, which all express …
Persistent link: https://www.econbiz.de/10014632289
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Reactivity in economic science
Frey, Bruno S. - 2017
matter of course that economics should become a natural science. Such a characterization misses an essential aspect of a …
Persistent link: https://www.econbiz.de/10011700543
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Have macroeconomic models lost their connection with economic reality?
Veen, Tom van - 2020
Macroeconomic theory has developed into increasingly sophisticated mathematical models. In the words of Mankiw … the development of macroeconomic theory over the past 40 years. The focus is on the main lines of thinking and the story … changes in macroeconomic theory and that the current debates after the GFC will be the start of a more plural approach to …
Persistent link: https://www.econbiz.de/10012211109
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Awards in economics : towards a new field of inquiry
Frey, Bruno S.; Neckermann, Susanne - 2009
. First steps towards integrating awards into economic theory are undertaken. -- Awards ; non-monetary incentives ; economics …Awards play a large role in the economics profession, which is documented by the large variety and number of awards …. However, little scientific attention has been devoted to them. This paper documents the prevalence of awards in the economics …
Persistent link: https://www.econbiz.de/10003806044