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We introduce the concept of a triad census of a digraph arid show how it can be used to enumerate various types of subgraph configurations. We give the basic probabilities needed for computing means and variances for a triad census under the U-MAN distribution for digraphs. These concepts are...
Persistent link: https://www.econbiz.de/10012479082
We argue that comprehensive out-of-sample (OOS) evaluation using statistical decision theory (SDT) should replace the current practice of K-fold and Common Task Framework validation in machine learning (ML) research. SDT provides a formal framework for performing comprehensive OOS evaluation...
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The Value of Statistical Life (VSL) is arguably the most important number in benefit-cost analyses of environmental, health, and transportation policies. However, agencies have used a wide range of VSL values. One reason may be the embarrassment of riches when it comes to VSL studies. While...
Persistent link: https://www.econbiz.de/10012616632
-time measurement of the labor market. The sources are the Current Employment Statistics (CES) from BLS and microdata from the payroll …
Persistent link: https://www.econbiz.de/10012479981
FDI plays a central role in managing global production networks, but FDI statistics also reflect other factors … developing a framework for consolidated FDI statistics based on the nationality of the MNE group that complements residency …-based FDI statistics. While residency-based statistics are useful to identify where financial claims and liabilities are held …
Persistent link: https://www.econbiz.de/10012480682
As the COVID-19 pandemic progresses, researchers are reporting findings of randomized trials comparing standard care with care augmented by experimental drugs. The trials have small sample sizes, so estimates of treatment effects are imprecise. Seeing imprecision, clinicians reading research...
Persistent link: https://www.econbiz.de/10012481487
It is widely recognized that the economics of distant-future events, like climate change, is critically dependent upon the choice of a discount rate. Unfortunately, it is unclear how to discount distant-future events when the future discount rate itself is unknown. In previous work, an...
Persistent link: https://www.econbiz.de/10012463061
This paper introduces an empirical strategy to estimate dynamic treatment effects in randomized trials that provide treatment in multiple stages and in which various noncompliance problems arise such as attrition and selective transitions between treatment and control groups. Our approach is...
Persistent link: https://www.econbiz.de/10012463449