Posts Tagged ‘ economics ’

Mind your Qs

August 20, 2014
By
Mind your Qs

Rescheduling Notice: I have been informed by the organizers that the Meetup tonight has to be rescheduled due to an unexpected problem with the venue. When a new date is set, I will let you know. *** Since I am...

Read more »

Dataviz worth your time

August 15, 2014
By
Dataviz worth your time

The New York Times Upshot team came up with a dataviz that is worth your time. This is a set of maps that gives a perspective on migration patterns within the US. The metric being portrayed is the birthplace of...

Read more »

World Bank fails to lead the way in #dataviz

August 12, 2014
By
World Bank fails to lead the way in #dataviz

Matthew Yglesias, writing for Vox, cited the following chart from a World Bank project: His comment was: "We can see that while China has overtaken Germany and Japan to become the world's second-largest economy (i.e., total area of the rectangle)...

Read more »

Understanding the hot hand, and the myth of the hot hand, and the myth of the myth of the hot hand, and the myth of the myth of the myth of the hot hand, all at the same time

August 12, 2014
By

Josh Miller writes: I came across your paper in the Journal of Management on unreplicable research, and in it you illustrate a point about the null hypothesis via the hot hand literature. I am writing you because I’d like to move your current prior (even if our work uses a classical approach). I am also […] The post Understanding the hot hand, and the myth of the hot hand, and…

Read more »

Estimated effect of early childhood intervention downgraded from 42% to 25%

August 8, 2014
By

Last year I came across an article, “Labor Market Returns to Early Childhood Stimulation: a 20-year Followup to an Experimental Intervention in Jamaica,” by Paul Gertler, James Heckman, Rodrigo Pinto, Arianna Zanolini, Christel Vermeerch, Susan Walker, Susan M. Chang, and Sally Grantham-McGregor, that claimed that early childhood stimulation raised adult earnings by 42%. At the […] The post Estimated effect of early childhood intervention downgraded from 42% to 25% appeared…

Read more »

One guaranteed to make Stephen Few cry

August 4, 2014
By
One guaranteed to make Stephen Few cry

Vox published this chart: This sort of chart is, unfortunately, quite common in business circles. Just about the only thing one can read readily from this chart is the overall growth in the plug-in vehicle market (the heights of the...

Read more »

The health policy innovation center: how best to move from pilot studies to large-scale practice?

July 31, 2014
By

A colleague pointed me to this news article regarding evaluation of new health plans: The Affordable Care Act would fund a new research outfit evocatively named the Innovation Center to discover how to most effectively deliver health care, with $10 billion to spend over a decade. But now that the center has gotten started, many […] The post The health policy innovation center: how best to move from pilot studies…

Read more »

Skepticism about a published claim regarding income inequality and happiness

July 21, 2014
By

Frank de Libero writes: I read your Chance article (disproving that no one reads Chance!) re communicating about flawed psychological research. And I know from your other writings of your continuing good fight against misleading quantitative work. I think you and your students might be interested on my recent critique of a 2011 paper published […] The post Skepticism about a published claim regarding income inequality and happiness appeared first…

Read more »

Differences between econometrics and statistics: From varying treatment effects to utilities, economists seem to like models that are fixed in stone, while statisticians tend to be more comfortable with variation

July 18, 2014
By
Differences between econometrics and statistics:  From varying treatment effects to utilities, economists seem to like models that are fixed in stone, while statisticians tend to be more comfortable with variation

I had an interesting discussion with Peter Dorman (whose work on assessing the value of a life we discussed in this space a few years ago). The conversation started when Peter wrote me about his recent success using hierarchical modeling for risk analysis. He wrote, “Where have they [hierarchical models] been all my life? In […] The post Differences between econometrics and statistics: From varying treatment effects to utilities, economists…

Read more »

Return of the barrel

July 10, 2014
By
Return of the barrel

Back in 2008, I wrote about this unfortunate chart by the Guardian (link): The barrel imagery interferes with communicating the data. The green portion looks about the same size as the red portion when the number is four times smaller....

Read more »


Subscribe

Email:

  Subscribe