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In this chapter, we present econometric and statistical methods for analyzing randomized experiments. For basic experiments, we stress randomization-based inference as opposed to sampling-based inference. In randomization-based inference, uncertainty in estimates arises naturally from the random...
Persistent link: https://www.econbiz.de/10014023416
Centralized school assignment algorithms must distinguish between applicants with the same preferences and priorities. This is done with randomly assigned lottery numbers, nonlottery tie-breakers like test scores, or both. The New York City public high school match illustrates the latter, using...
Persistent link: https://www.econbiz.de/10011989205
investor personae in the Behavioral Finance literature, namely, the Cumulative Prospect Theory, the Markowitz and the Loss …
Persistent link: https://www.econbiz.de/10014246136
This paper generalizes the approach of Zhou, van den Akker, Werker (2019), which was designed to derive semiparametric power envelope and construct efficient rank-based tests for the univariate unit root testing problem. The generalization is threefold. First, it becomes a unified method...
Persistent link: https://www.econbiz.de/10012897448
Drawing on examples of recently published and widely-cited studies in experimental economics, we show that behavioral games are frequently analyzed in a manner that is prone to biased causal inference. First, deficiencies in design and implementation jeopardize the crucial assumption that...
Persistent link: https://www.econbiz.de/10013097406
We illustrate the sensitivity of two-way fixed effects difference-indifferences estimates to innocuous changes in data structure. Using the staggered rollout of state-level bank branching deregulations, three outcome variables are brought to bear on the interventions: personal income growth (a...
Persistent link: https://www.econbiz.de/10013220679
In the practice of program evaluation, choosing the covariates and the functional form of the propensity score is an important choice that the researchers make when estimating treatment effects. This paper proposes a data-driven way of averaging the estimators over the candidate specifications...
Persistent link: https://www.econbiz.de/10011309717
Knowledge of how consumers react to different quality signals is fundamental for understanding how markets work. We study the online market- place for Android apps where we compare the causal effects on demand from two quality related signals; other consumers' stated and revealed preferences...
Persistent link: https://www.econbiz.de/10009734214
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