Thursday, April 1, 2021

The Value of Business Experiments Part 3: Innovation, Strategy, and Alignment

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In previous posts I have discussed the value proposition of business experiments from both a classical and behavioral economic perspective. ...
Saturday, March 13, 2021

Why Study Economics/Applied Economics?

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Applied Economics is a broad field with many applications. Applied Economics is a broad field of study covering many topics. Recognizing the...
Wednesday, September 30, 2020

Calibration, Discrimination, and Ethics

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Classification models with binary and categorical outcomes are often assessed based on the c-statistic or area under the ROC curve. (see als...
Wednesday, September 2, 2020

Blocking and Causality

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In a previous post I discussed block randomized designs.  Duflo et al (2008) describe this in more detail: "Since the covariates to be...
Friday, August 28, 2020

Blocked Designs

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When I first learned about randomized complete block designs as an undergraduate to me it was just another set of computations to memorize f...
Sunday, July 26, 2020

Assessing Balance for Matching and RCTs

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Assessing the balance between treatment and control groups across control variables is an important part of propensity score matching. It...
Wednesday, May 6, 2020

Experimentation and Causal Inference: Strategy and Innovation

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Knowledge is the most important resource in a firm and the essence of organizational capability, innovation, value creation, strategy, and c...