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Journals favor rejection of the null hypothesis. This selection upon tests may distort the behavior of researchers. Using 50,000 tests published between 2005 and 2011 in the AER, JPE, and QJE, we identify a residual in the distribution of tests that cannot be explained by selection. The...
Persistent link: https://www.econbiz.de/10011163474
The economics 'credibility revolution' has promoted the identification of causal relationships using difference-in-differences (DID), instrumental variables (IV), randomized control trials (RCT) and regression discontinuity design (RDD) methods. The extent to which a reader should trust claims...
Persistent link: https://www.econbiz.de/10012911143
Journals favor rejections of the null hypothesis. This selection upon results may distort the behavior of researchers. Using 50,000 tests published between 2005 and 2011 in the AER, JPE and QJE, we identify a residual in the distribution of tests that cannot be explained by selection. The...
Persistent link: https://www.econbiz.de/10013104693
Journals favor rejection of the null hypothesis. This selection upon tests may distort the behavior of researchers. Using 50,000 tests published between 2005 and 2011 in the AER, JPE, and QJE, we identify a residual in the distribution of tests that cannot be explained by selection. The...
Persistent link: https://www.econbiz.de/10013084682
Journals favor rejection of the null hypothesis. This selection upon tests may distort the behavior of researchers. Using 50,000 tests published between 2005 and 2011 in the AER, JPE, and QJE, we identify a residual in the distribution of tests that cannot be explained by selection. The...
Persistent link: https://www.econbiz.de/10009721391
The economics 'credibility revolution' has promoted the identification of causal relationships using difference-in-differences (DID), instrumental variables (IV), randomized control trials (RCT) and regression discontinuity design (RDD) methods. The extent to which a reader should trust claims...
Persistent link: https://www.econbiz.de/10011906306
Bayesian decisions are observationally identical to decisions with judgment. Decisions with judgment test whether a judgmental decision is optimal and, in case of rejection, move to the closest boundary of the confidence interval, for a given confidence level. The resulting decisions condition...
Persistent link: https://www.econbiz.de/10013553488
A decision maker tests whether the gradient of the loss function evaluated at a judgmental decision is zero. If the test does not reject, the action is the judgmental decision. If the test rejects, the action sets the gradient equal to the boundary of the rejection region. This statistical...
Persistent link: https://www.econbiz.de/10012418852
We consider fully modified least squares estimation for systems of cointegrating polynomial regressions, i. e., systems … estimation coincide - for any regular weighting matrix - without restrictions on the parameters and with the same regressors in …
Persistent link: https://www.econbiz.de/10013479635
Simar and Wilson (J. Econometrics, 2007) provided a statistical model that can rationalize two-stage estimation of … technical efficiency in nonparametric settings. Two-stage estimation has been widely used, but requires a strong assumption: the …-stage estimation, calling into question results that appear in hundreds of papers that have been published in recent years. …
Persistent link: https://www.econbiz.de/10011317720