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Archive of posts filed under the Economics category.

Quantifying uncertainty in identification assumptions—this is important!

Luis Guirola writes: I’m a poli sci student currently working on methods. I’ve seen you sometimes address questions in your blog, so here is one in case you wanted. I recently read some of Chuck Manski book “Identification for decision and prediction”. I take his main message to be “The only way to get identification […]

“Estimating trends in mortality for the bottom quartile, we found little evidence that survival probabilities declined dramatically.”

Last year there was much discussion here and elsewhere about a paper by Anne Case and Angus Deaton, who noticed that death rates for non-Hispanic white Americans aged 45-54 had been roughly flat since 1999, even while the death rates for this age category had been declining steadily in other countries and among nonwhite Americans. […]

Problems with randomized controlled trials (or any bounded statistical analysis) and thinking more seriously about story time

In 2010, I wrote: As a statistician, I was trained to think of randomized experimentation as representing the gold standard of knowledge in the social sciences, and, despite having seen occasional arguments to the contrary, I still hold that view, expressed pithily by Box, Hunter, and Hunter (1978) that “To find out what happens when […]

Time Inc. stoops to the level of the American Society of Human Genetics and PPNAS?

Emails I never bothered to answer

So, this came in the email one day: Dear Professor Gelman, I would like to shortly introduce myself: I am editor in the ** Department at the publishing house ** (based in ** and **). As you may know, ** has taken over all journals of ** Press. We are currently restructuring some of the […]

Sethi on Schelling

Interesting appreciation from an economist.

“Dirty Money: The Role of Moral History in Economic Judgments”

Recently in the sister blog . . . Arber Tasimi and his coauthor write: Although traditional economic models posit that money is fungible, psychological research abounds with examples that deviate from this assumption. Across eight experiments, we provide evidence that people construe physical currency as carrying traces of its moral history. In Experiments 1 and […]

An efficiency argument for post-publication review

This came up in a discussion last week: We were talking about problems with the review process in scientific journals, and a commenter suggested that prepublication review should be more rigorous: There are lot of statistical missteps you just can’t catch until you actually have the replication data in front of you to work with […]

Hark, hark! the p-value at heaven’s gate sings

Three different people pointed me to this post, in which food researcher and business school professor Brian Wansink advises Ph.D. students to “never say no”: When a research idea comes up, check it out, put some time into it and you might get some success. I like that advice and I agree with it. Or, […]

“So such markets were, and perhaps are, subject to bias from deep pocketed people who may be expressing preference more than actual expectation”

Geoff Buchan writes in with another theory about how prediction markets can go wrong: I did want to mention one fascinating datum on Brexit: one UK bookmaker said they received about twice as many bets on leave as on remain, but the average bet on remain was *five* times what was bet on leave, meaning […]

“Dear Major Textbook Publisher”: A Rant

Dear Major Academic Publisher, You just sent me, unsolicited, an introductory statistics textbook that is 800 pages and weighs about 5 pounds. It’s the 3rd edition of a book by someone I’ve never heard of. That’s fine—a newcomer can write a good book. The real problem is that the book is crap. It’s just the […]

Using Stan in an agent-based model: Simulation suggests that a market could be useful for building public consensus on climate change

Jonathan Gilligan writes: I’m writing to let you know about a preprint that uses Stan in what I think is a novel manner: Two graduate students and I developed an agent-based simulation of a prediction market for climate, in which traders buy and sell securities that are essentially bets on what the global average temperature […]

Frustration with published results that can’t be reproduced, and journals that don’t seem to care

Thomas Heister writes: Your recent post about Per Pettersson-Lidbom frustrations in reproducing study results reminded me of our own recent experience that we had in replicating a paper in PLOSone. We found numerous substantial errors but eventually gave up as, frustratingly, the time and effort didn’t seem to change anything and the journal’s editors quite […]

Individual and aggregate patterns in the Equality of Opportunity research project

Dale Lehman writes: I’ve been looking at the work of the Equality of Opportunity Project and noticed that you had commented on some of their work. Since you are somewhat familiar with the work, and since they do not respond to my queries, I thought I’d ask you about something that is bothering me. I, […]

Josh Miller hot hand talks in NYC and Pittsburgh this week

Joshua Miller (the person who, with Adam Sanjurjo, discovered why the so-called “hot hand fallacy” is not really a fallacy) will be speaking on the topic this week. In New York, Thurs 17 Nov, 12:30pm, 19 W 4th St, room 517, Center for Experimental Social Science seminar. In Pittsburgh, Fri 18 Nov, 12pm, 4716 Posvsar […]

How effective (or counterproductive) is universal child care? Part 2

This is the second of a series of two posts. Yesterday we discussed the difficulties of learning from a small, noisy experiment, in the context of a longitudinal study conducted in Jamaica where researchers reported that an early-childhood intervention program caused a 42%, or 25%, gain in later earnings. I expressed skepticism. Today I want […]

How effective (or counterproductive) is universal child care? Part 1

This is the first of a series of two posts. We’ve talked before about various empirically-based claims of the effectiveness of early childhood intervention. In a much-publicized 2013 paper based on a study of 130 four-year-old children in Jamaica, Paul Gertler et al. claimed that a particular program caused a 42% increase in the participants’ […]

What is the chance that your vote will decide the election? Ask Stan!

I was impressed by Pierre-Antoine Kremp’s open-source poll aggregator and election forecaster (all in R and Stan with an automatic data feed!) so I wrote to Kremp: I was thinking it could be fun to compute probability of decisive vote by state, as in this paper. This can be done with some not difficult but […]

How to improve science reporting? Dan Vergano sez: It’s not about reality, it’s all about a salary

I happened to be looking up some things on cat-owner Dan Kahan’s blog and I came across this interesting comment from 2013 that I’d not noticed before. The comment came from science journalist Dan Vergano, and it was in response to a post of Kahan that discussed an article of mine that had given advice […]

Time-Sharing Experiments for the Social Sciences

Jamie Druckman and Jeremy Freese write: We are pleased to announce that Time-Sharing Experiments for the Social Sciences (TESS) was renewed for another round of funding by National Science Foundation. TESS allows researchers to submit proposals for experiments to be conducted on a nationally-representative, probability-based survey research platform. Successful proposals are fielded at no cost […]