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Statistical Mechanics Approaches to Socioeconomic Behavior
Durlauf, Steven N. - 2021
This paper provides a unified framework for interpreting a wide range of interactions models which have appeared in the economics literature. A formalization taken from the statistical mechanics literature is shown to encompass a number of socioeconomic phenomena ranging from out of wedlock...
Persistent link: https://www.econbiz.de/10013218553
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To Hold Out or Not to Hold Out
Schorfheide, Frank - 2013
A recent literature has developed that combines two prominent empirical approaches to ex ante policy evaluation: randomized controlled trials (RCT) and structural estimation. The RCT provides a "gold-standard'' estimate of a particular treatment, but only of that treatment. Structural estimation...
Persistent link: https://www.econbiz.de/10013073955
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Researcher Incentives and Empirical Methods
Glaeser, Edward L. - 2007
methods are based on assumptions of human behavior that would not pass muster in any of our models. The solution to this … researchers. In this essay, I make ten points about a more economic approach to empirical methods and suggest paths for …
Persistent link: https://www.econbiz.de/10012778257
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Spurious Regressions in Financial Economics?
Ferson, Wayne E. - 2010
Even though stock returns are not highly autocorrelated, there is a spurious regression bias in predictive regressions for stock returns related to the classic studies of Yule (1926) and Granger and Newbold (1974). Data mining for predictor variables interacts with spurious regression bias. The...
Persistent link: https://www.econbiz.de/10012762990
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The Role of Transportation Speed in Facilitating High Skilled Teamwork
Dong, Xiaofang - 2018
High skilled workers gain from face to face interactions. If the skilled can move at higher speeds, then knowledge diffusion and idea spillovers are likely to reach greater distances. This paper uses the construction of China's high speed rail (HSR) network as a natural experiment to test this...
Persistent link: https://www.econbiz.de/10012920886
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The Billion Prices Project : Using Online Prices for Measurement and Research
Cavallo, Alberto - 2016
New data-gathering techniques, often referred to as “Big Data” have the potential to improve statistics and empirical research in economics. In this paper we describe our work with online data at the Billion Prices Project at MIT and discuss key lessons for both inflation measurement and...
Persistent link: https://www.econbiz.de/10012995985
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Anomalies Abroad : Beyond Data Mining
Lu, Xiaomeng - 2017
A pre-specified set of nine prominent U.S. equity return anomalies produce significant alphas in Canada, France, Germany, Japan, and the U.K. All of the anomalies are consistently significant across these five countries, whose developed stock markets afford the most extensive data. The anomalies...
Persistent link: https://www.econbiz.de/10012947659
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IQ from Ip : Simplifying Search in Portfolio Choice
Chen, Huaizhi - 2018
Using a novel database that tracks web traffic on the SEC's EDGAR server between 2004 and 2015, we show that institutional investors gather information on a very particular subset of firms and insiders, and their surveillance is very persistent over time. This tracking behavior has powerful...
Persistent link: https://www.econbiz.de/10012914729
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Machine Learning for Solar Accessibility : Implications for Low-Income Solar Expansion and Profitability
Davuluri, Sruthi - 2019
The solar industry in the US typically uses a credit score such as the FICO score as an indicator of consumer utility payment performance and credit worthiness to approve customers for new solar installations. Using data on over 800,000 utility payment performance and over 5,000 demographic...
Persistent link: https://www.econbiz.de/10012862419
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Combining Family History and Machine Learning to Link Historical Records
Price, Joseph - 2019
traditional linking methods. Second, we use the links to construct a training data set for use in supervised machine learning … methods. We describe the procedure we use and illustrate the potential of our approach by linking individuals across the 100 … current frontier for record linking methods.Institutional subscribers to the NBER working paper series, and residents of …
Persistent link: https://www.econbiz.de/10012863272