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We investigate the potential for Large Language Models (LLMs) to enhance scientific practice within experimentation by identifying key areas, directions, and implications. First, we discuss how these models can improve experimental design, including improving the elicitation wording, coding...
Persistent link: https://www.econbiz.de/10014372436
We perform a comparative analysis of machine learning methods for the canonical problem of empirical asset pricing: measuring asset risk premia. We demonstrate large economic gains to investors using machine learning forecasts, in some cases doubling the performance of leading regression-based...
Persistent link: https://www.econbiz.de/10012899608
We propose a novel Bayesian Graded Response Model (BGRM) for food security measurement. Our BGRM has several attractive features. It produces continuous food security estimates and measures of estimation uncertainty at the household level. Unlike the USDA's official measurement model, the BGRM...
Persistent link: https://www.econbiz.de/10014544738
unobserved teacher quality is the same for all students is rejected by the data. We also present evidence that No Child Left …
Persistent link: https://www.econbiz.de/10014322772
insights from the testing statistical hypotheses of equivalence literature, we propose a methodology that only reports decimal … digits in a parameter estimate that reject a hypothesis of statistical equivalence. Applying this methodology to all articles …
Persistent link: https://www.econbiz.de/10014486216
The foundation of a functioning welfare state is a tax system that is widely accepted and considered to be fair and legitimate. How and by what means a tax collecting agency interprets the laws are thus seen to have an impact on taxpayers’ willingness to pay. This article addresses the various...
Persistent link: https://www.econbiz.de/10010247598
Persistent link: https://www.econbiz.de/10010199961
Scientific information is elementary for human development processes. The creation and control of information may be an important determinant of development, and besides creating a competitive advantage, also result in increasing disparities in economic and social development. Challenges in the...
Persistent link: https://www.econbiz.de/10010248266
Persistent link: https://www.econbiz.de/10010391224
management of regional social and demographic process is assessed. This paper presents methodology for assessment of efficiency … of the social and demographic processes management on a regional level. The methodology is based on indicative analysis … understanding of the nature of social and demographic processes in the region, this methodology also addresses the task of …
Persistent link: https://www.econbiz.de/10011570871