Sunday, April 6, 2025

Econometrics and Psychometrics: Rivers Out of Biometry.

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Abstract The period 1895–1925 saw the origins and establishment of the fields that came to be called econometrics and psychometrics. I consi...

Agricultural Economics as a Poster Child of Applied Economics

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 Abstract Agricultural economists have embodied the notions of applied economics for a long time. They have used economic principles to addr...
Saturday, July 29, 2023

If Applied Econometrics Were Easy, LLMs Could Do It!

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Summary Can AI do applied econometrics and causal inference? Can LLMs pick up on the nuances and social norms that dictate so many of the de...
1 comment:

On LLMs and LPMs: Does the LL in LLM Stand for Linear Literalism?

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 I've blogged in the past about what I call linear literalism and fundamentalist econometrics . And I've blogged a bit about linear ...
Thursday, March 2, 2023

Are Matching Estimators and the Conditional Independence Assumption Inconsistent with Rational Decision Making

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 Scott Cunningham brings up some interesting points about matching and utility maximization in this substack post:  https://causalinf.subst...
Thursday, January 26, 2023

What is new and different about difference-in-differences?

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Back in 2012 I wrote about the basic 2 x 2 difference in difference analysis (two groups, two time periods). Columbia public health probably...
1 comment:
Saturday, October 29, 2022

The Value of Experimentation and Causal Inference in Complex Business Environments

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Introduction Summary:  Causality in business means understanding how to connect the things we do with the value we create.  A cause is somet...