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The standard approach to indirect inference estimation considers that the auxiliary parameters, which carry the identifying information about the structural parameters of interest, are obtained from some recently identified vector of estimating equations. In contrast to this standard...
Persistent link: https://www.econbiz.de/10012025566
limited-information maximum likelihood. We show that all the test statistics, like the ones used for inference on the … related to the well-known test statistic of Anderson and Rubin. The distributions of the overidentification statistics are …
Persistent link: https://www.econbiz.de/10010128349
What is Statistics? Opinions vary. In fact, there is a continuous spectrum of attitudes toward statistics ranging from … reporting p-values and claiming statistical significance for scientifically insignificant results. In these notes statistics is …) introduce the most fundamental ideas, concepts, and methods of statistics, explain how and why they work, and when they don …
Persistent link: https://www.econbiz.de/10012927199
Common sense is a dynamic concept and it is natural that our (statistical) common sense lags behind the development of statistical science. What is not so easy to understand is why common sense lags behind as much as it does. We conduct a survey among Japanese students and try to understand why...
Persistent link: https://www.econbiz.de/10012795343
This paper reviews changes over time in the meaning that economists in the US attributed to the phrase “statistical inference”, as well as changes in how inference was conducted. Prior to WWII, leading statistical economists rejected probability theory as a source of measures and procedures...
Persistent link: https://www.econbiz.de/10012987278
This note is a sketch of what could be the basis for a theory of applied statistics. Such a theory is needed to help … statistics become more relevant, with significant impact and innovative developments. To achieve this goal, statisticians need to … new data structures require new statistical models. Eliciting the components of a theory of applied statistics is a …
Persistent link: https://www.econbiz.de/10012938646
The replicability and credibility crisis in psychology and economics sparked the debate on underpowered experiments, publication biases, and p-hacking. Analyzing the number of independent observations of experiments published in Experimental Economics, Games and Economic Behavior, and the...
Persistent link: https://www.econbiz.de/10012542673
Common sense is a dynamic concept and it is natural that our (statistical) common sense lags behind the development of statistical science. What is not so easy to understand is why common sense lags behind as much as it does. We conduct a survey among Japanese students and try to understand why...
Persistent link: https://www.econbiz.de/10012670776
As I document using evidence from a journal data repository that I manage, the datasets used in empirical work are getting larger. When we use very large datasets, it can be dangerous to rely on standard methods for statistical inference. In addition, we need to worry about computational issues....
Persistent link: https://www.econbiz.de/10012815681
This paper shows how a great philosopher, like Popper, can easily fall back to a common superstitious person. This paper also criticizes the general practice by statisticians to invent ad hoc method or manipulate data to suppress errors. Instead, this paper promotes the Xenophanes spirit of...
Persistent link: https://www.econbiz.de/10012984223