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“Anecdotal Evidenceâ€: Why Narratives Matter to Medical Practice
Campo, Rafael - eSocialSciences - 2007
Whether we choose to admit it or not, the anecdote continues to be an important engine of novel ideas in medicine. The anecdote is rife with such diffi culties as openness to interpretation, and the biases of faulty memory and foolish optimism; it is just as likely to be explained by fi ckle...
Persistent link: https://www.econbiz.de/10005699274
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Is the assumption of voters' rationality just a myth?
Roháč, Dalibor - In: Politická ekonomie 2009 (2009) 2, pp. 163-176
This paper discusses recent claims made by Caplan (2000, 2001a, 2001b, 2001c, 2002, 2007) who argues that democracies produce bad policies as a result of voters' irrational beliefs. We start by outlining the motives which led Caplan to amend classic Public Choice in such a radical fashion. We...
Persistent link: https://www.econbiz.de/10005258109
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Tullock on motivated inquiry: expert-induced uncertainty disguised as risk
Levy, David; Peart, Sandra - In: Public Choice 152 (2012) 1, pp. 163-180
Persistent link: https://www.econbiz.de/10010864441
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Specialists and citizens all: A reply to Boettke, Koppl, and Holcombe
Garnett, Robert - In: The Review of Austrian Economics 24 (2011) 1, pp. 71-76
Persistent link: https://www.econbiz.de/10008926355
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On J.M. Keynes' The principal averages and the laws of error which lead to them: refinement and generalisation
Klein, Ingo; Grottke, Michael - 2008
the arithmetic mean, the geometric mean, the harmonic mean, or the median. His approach was based on indirect (i …
Persistent link: https://www.econbiz.de/10010299745
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Quality standards for passenger trains: Political majorities and environmental costs
Rothbauer, Julia; Sieg, Gernot - 2010
This study analyzes the minimum quality standard set by the European Union (EU) through Regulation 1371/2007 of Rail Passengers' Rights and Obligations. A welfare maximizing quality standard raises quality and consumer satisfaction, but does not improve the modal split of rail transport. A...
Persistent link: https://www.econbiz.de/10010307170
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A brief analysis of aggregate measures as an alternative to the median at Central Bank of Brazil's Survey of Professional Forecasts
de Carvalho, Fabia A. - In: EconomiA 14 (2013) 2, pp. 11-26
's Survey of Professional Forecasts that are alternative to the median response. We build time series with the mode and core … compare them to the median response with respect to their predictive power in a 12-month-ahead horizon. We also compare the …
Persistent link: https://www.econbiz.de/10011858385
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Approximating the Normal Sample Median Distribution in Process Control
Leung, Char - In: Stochastics and Quality Control 36 (2021) 1, pp. 21-25
Abstract The present work aims to propose an approximation of the sample median distribution with a normal parent … distribution. Although the mean is usually used as the central tendency measure for normal samples, the median has also been used … in engineering, process control in particular. The proposed method approximates the normal sample median distribution …
Persistent link: https://www.econbiz.de/10014591057
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The role of the prior in estimating VAR models with sign restrictions
Inoue, Atsushi; Kilian, Lutz - 2021
Several recent studies have expressed concern that the Haar prior typically imposed in estimating sign-identified VAR models may be unintentionally informative about the implied prior for the structural impulse responses. This question is indeed important, but we show that the tools that have...
Persistent link: https://www.econbiz.de/10012669296
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Identification of outliers in a one-way random effects model
Wellmann, Jürgen; Gather, Ursula - 2000
and give an example which involves median-based statistics. …
Persistent link: https://www.econbiz.de/10010316701