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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

Researcher Incentives and Empirical Methods

Glaeser, Edward L. - 2007

Economists are quick to assume opportunistic behavior in almost every walk of life other than our own. Our empirical methods are based on assumptions of human behavior that would not pass muster in any of our models. The solution to this problem is not to expect a mass renunciation of data...

Persistent link: https://www.econbiz.de/10012778257

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

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

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

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

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

Machine Learning for Solar Accessibility : Implications for Low-Income Solar Expansion and Profitability

Davuluri, Sruthi - 2019

payment performance and over 5,000 demographic variables, we compare machine learning and econometric models to predict the … to FICO score, and that using machine learning techniques further enhances model performance. Relative to FICO, the … machine learning model increases the number of low-to-moderate income consumers approved for community solar by 1.1% to 4 …

Persistent link: https://www.econbiz.de/10012862419

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 …

Persistent link: https://www.econbiz.de/10012863272

Predicting Returns with Text Data

Ke, Zheng Tracy - 2019

with dictionary-based methods), our supervised learning framework constructs a sentiment score that is specifically adapted …

Persistent link: https://www.econbiz.de/10012863706