Posts Tagged ‘ Economics ’

My Course Wish List at CMSE next year

August 30, 2012
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My Course Wish List at CMSE next year

Here is the list  of courses I wish to teach next year at Chiang Mai School of Economics, not so sure about the demand there! Undergraduate (B.Econ.) ECON 304: Economics Statistics (with R) ECON 408: Research Design in Economics ECON 417: Managerial Economics ECON 419: Economic Theory and Entrepreneurship ECON 443: Industrial Economics ECON 4xx: Introduction to

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Economic geography of the eastern USA circa 1999, median incomes…

August 25, 2012
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Economic geography of the eastern USA
circa 1999, median incomes…

Economic geography of the eastern USA circa 1999, median incomes by zip code Code and data source to follow in a longer post.

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Why trust some supposed laws of statistical sampling and…

August 15, 2012
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Why trust some supposed laws of statistical sampling and convergence when you can just test them yourself? If you have a computer with R installed (also recommended: Rstudio) then you can stop dithering about whether these n=1000 studies cited in the n...

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Criticism 5 of NHST: p-Values Measure Effort, Not Truth

July 17, 2012
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Criticism 5 of NHST: p-Values Measure Effort, Not Truth

Introduction In the third installment of my series of criticisms of NHST, I focused on the notion that a p-value is nothing more than a one-dimensional representation of a two-dimensional space in which (1) the measured size of an effect and (2) the precision of this measurement have been combined in such a way that

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Criticism 4 of NHST: No Mechanism for Producing Substantive Cumulative Knowledge

May 18, 2012
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In this fourth part of my series of criticisms of NHST, I’m going to focus on broad

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Criticism 3 of NHST: Essential Information is Lost When Transforming 2D Data into a 1D Measure

May 14, 2012
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Criticism 3 of NHST: Essential Information is Lost When Transforming 2D Data into a 1D Measure

Introduction Continuing on with my series on the weaknesses of NHST, I’d like to focus on an issue that’s not specific to NHST, but rather one that’s relevant to all quantitative analysis: the destruction caused by an inappropriate reduction of dimensionality. In our case, we’ll be concerned with the loss of essential information caused by

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Criticism 2 of NHST: NHST Conflates Rare Events with Evidence Against the Null Hypothesis

May 12, 2012
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Introduction This is my second post in a series describing the weaknesses of the NHST paradigm. In the first post, I argued that NHST is a dangerous tool for a community of researchers because p-values cannot be interpreted properly without perfect knowledge of the research practices of other scientists — knowledge that we cannot hope

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Criticism 1 of NHST: Good Tools for Individual Researchers are not Good Tools for Research Communities

May 10, 2012
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Introduction Over my years as a graduate student, I have built up a long list of complaints about the use of Null Hypothesis Significance Testing (NHST) in the empirical sciences. In the next few weeks, I’m planning to publish a series of blog posts, each of which will articulate one specific weakness of NHST. The

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Review of “The Origin of Financial Crises” by George Cooper

March 19, 2012
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Review of “The Origin of Financial Crises” by George Cooper

The subtitle is “Central banks, credit bubbles and the efficient market fallacy”. Executive summary This is much too important of a book to remain as obscure as it is.  Besides, it is quite a fun read. It talks about two subjects: Why markets for goods and services tend toward equilibrium but financial markets do not. … Continue reading...

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lembarrasduchoix asked: thank you for the introduction to…

March 6, 2012
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lembarrasduchoix asked:
thank you for the introduction to…

lembarrasduchoix asked: thank you for the introduction to Newcomb’s paradox! Could you do a post on your favorite paradoxes?    The decision theory paradoxes I’m familiar with are: Ellsberg Paradox— Theorists encode bothsituations with unknown...

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