Posts Tagged ‘ economics ’

“How to disrupt the multi-billion dollar survey research industry”

September 22, 2014
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David Rothschild (coauthor of the Xbox study, the Mythical Swing Voter paper, and of course the notorious Aapor note) will be speaking Friday 10 Oct in the Economics and Big Data meetup in NYC. His title: “How to disrupt the multi-billion dollar survey research industry: information aggregation using non-representative polling data.” Should be fun! P.P.S. […] The post “How to disrupt the multi-billion dollar survey research industry” appeared first on…

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Estimating discontinuity in slope of a response function

September 20, 2014
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Peter Ganong sends me a new paper (coauthored with Simon Jager) on the “regression kink design.” Ganong writes: The method is a close cousin of regression discontinuity and has gotten a lot of traction recently among economists, with over 20 papers in the past few years, though less among statisticians. We propose a simple placebo […] The post Estimating discontinuity in slope of a response function appeared first on Statistical…

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What does CNN have in common with Carmen Reinhart, Kenneth Rogoff, and Richard Tol: They all made foolish, embarrassing errors that would never have happened had they been using R Markdown

September 19, 2014
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What does CNN have in common with Carmen Reinhart, Kenneth Rogoff, and Richard Tol:  They all made foolish, embarrassing errors that would never have happened had they been using R Markdown

Rachel Cunliffe shares this delight: Had the CNN team used an integrated statistical analysis and display system such as R Markdown, nobody would’ve needed to type in the numbers by hand, and the above embarrassment never would’ve occurred. And CNN should be embarrassed about this: it’s much worse than a simple typo, as it indicates […] The post What does CNN have in common with Carmen Reinhart, Kenneth Rogoff, and…

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Palko’s on a roll

September 18, 2014
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I just wanted to interrupt our scheduled stream of posts to link to a bunch of recent material from Mark Palko: At least we can all agree that ad hominem and overly general attacks are bad: A savvy critique of the way in which opposition of any sort can be dismissed as “ad hominem” attacks. […] The post Palko’s on a roll appeared first on Statistical Modeling, Causal Inference, and…

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More bad news for the buggy-whip manufacturers

September 15, 2014
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More bad news for the buggy-whip manufacturers

In a news article regarding difficulties in using panel surveys to measure the unemployment rate, David Leonhardt writes: The main factor is technology. It’s a major cause of today’s response-rate problems – but it’s also the solution. For decades, survey research has revolved around the telephone, and it’s worked very well. But Americans’ relationship with […] The post More bad news for the buggy-whip manufacturers appeared first on Statistical Modeling,…

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Relevance, to you or me: a response to Cairo

September 15, 2014
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Relevance, to you or me: a response to Cairo

Alberto Cairo discussed a graphic by the New York Times on the slowing growth of Medicare spending (link). The chart on the top is published, depicting the quite dramatic flattening of the growth in average spending over the last years--average...

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If Scotland becomes a country

September 14, 2014
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If Scotland becomes a country

On the 18th of September 2014, Scottish people will vote on secession from the United Kingdom, potentially ending a union that has existed since 1707. If Scots vote “Yes” to end the union, the United Kingdom will consist of England, Wales and Northern Ireland, while the newly created country of Scotland may look like this: […]

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“It’s as if you went into a bathroom in a bar and saw a guy pissing on his shoes, and instead of thinking he has some problem with his aim, you suppose he has a positive utility for getting his shoes wet”

September 10, 2014
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“It’s as if you went into a bathroom in a bar and saw a guy pissing on his shoes, and instead of thinking he has some problem with his aim, you suppose he has a positive utility for getting his shoes wet”

The notion of a geocentric universe has come under criticism from Copernican astronomy. . . . A couple months ago in a discussion of differences between econometrics and statistics, I alluded to the well-known fact that everyday uncertainty aversion can’t be explained by a declining marginal utility of money. What really bothers me—it’s been bothering […] The post “It’s as if you went into a bathroom in a bar and…

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Playing with orientation and style

September 8, 2014
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Playing with orientation and style

I saw this nifty chart in the Wall Street Journal last week. The Post Office is competing with Fedex and UPS on pricing. The nice feature about this small dataset is that the story is very clear. In almost every...

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How does inference for next year’s data differ from inference for unobserved data from the current year?

September 6, 2014
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Juliet Price writes: I recently came across your blog post from 2009 about how statistical analysis differs when analyzing an entire population rather than a sample. I understand the part about conceptualizing the problem as involving a stochastic data generating process, however, I have a query about the paragraph on ‘making predictions about future cases, […] The post How does inference for next year’s data differ from inference for unobserved…

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