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Potential Pitfalls for the Purchasing-Power-Parity Puzzle? Sampling and Specification Biases in Mean-Reversion Tests of the Law of One Price
Taylor, Alan M. - 2000
testing for PPP or LOOP, model specification and data sampling should not proceed without consideration of the actual …
Persistent link: https://www.econbiz.de/10012471192
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Tables of Sample Size For the F-Test in One Way Analysis of Variance Designs
Hill, Richard W. - 1975
Persistent link: https://www.econbiz.de/10012479048
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Sample Selectivity and the Validity of International Student Achievement Tests in Economic Research
Hanushek, Eric A. - 2010
Critics of international student comparisons argue that results may be influenced by differences in the extent to which countries adequately sample their entire student populations. In this research note, we show that larger exclusion and non-response rates are related to better country average...
Persistent link: https://www.econbiz.de/10012462783
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The Robustness of Tests for Consumer Choice Inconsistencies
Abaluck, Jason - 2015
We explore the in- and out- of sample robustness of tests for consumer choice inconsistencies based on parameter restrictions in parametric models, with a focus on tests proposed by Ketcham, Kuminoff and Powers (2015). We start by arguing that non-parametric alternatives are inherently...
Persistent link: https://www.econbiz.de/10012457052
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Taking the Cochrane-Piazzesi Term Structure Model Out of Sample : More Data, Additional Currencies, and FX Implications
Hodrick, Robert J. - 2018
We examine the Cochrane and Piazzesi (2005, 2008) model in several out-of-sample analyzes. The model's one-factor forecasting structure characterizes the term structures of additional currencies in samples ending in 2003. In post-2003 data one-factor structures again characterize each currency's...
Persistent link: https://www.econbiz.de/10012480743
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Non-Randomly Sampled Networks : Biases and Corrections
Hsieh, Chih-Sheng - 2018
first characterize the biases in both network statistics and estimates of network effects under non-random sampling …-classical measurement-error problems when applied as regressors. Apart from the sampling rate and the elicitation procedure, these biases … applied to network data collected via both designed and non-designed sampling procedures, does not require one to assume any …
Persistent link: https://www.econbiz.de/10012480921
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Information Costs and Sequential Information Sampling
Hébert, Benjamin - 2018
We propose a new approach to modeling the cost of information structures in rational inattention problems, the "neighborhood-based" cost functions. These cost functions have two properties that we view as desirable: they summarize the results of a sequential evidence accumulation problem, and...
Persistent link: https://www.econbiz.de/10012480967
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Inflation and the Distribution of Price Changes
Bryan, Michael F. - 1996
its higher order moments, and in particular, its third moment the skewness of the price change distribution. Evidence on correlations between inflation and its moments goesback over thirty years, and was first used to reject the independence of relative price changes and inflation that is...
Persistent link: https://www.econbiz.de/10012473040
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The Effect of Age at School Entry on Educational Attainment : An Application of Instrumental Variables with Moments from Two Samples
Angrist, Joshua D. - 1990
This paper tests the hypothesis that compulsory school attendance laws, which typically require school attendance until a specified birthday, induce a relationship between the years of schooling and age at school entry. Variation in school start age created by children's date of birth provides a...
Persistent link: https://www.econbiz.de/10012475476
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Data-Snooping Biases in Tests of Financial Asset Pricing Models
Lo, Andrew W. - 1989
We investigate the extent to which tests of financial asset pricing models may be biased by using properties of the data to construct the test statistics. Specifically, we focus on tests using returns to portfolios of common stock where portfolios are constructed by sorting on some empirically...
Persistent link: https://www.econbiz.de/10012476047