Isolation and Aggregation in Economics

Isolation and Aggregation in Economics PDF Author: Ekkehart Schlicht
Publisher: Ekkehart Schlicht
ISBN: 0387152547
Category : Macroeconomics
Languages : en
Pages : 128

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Book Description

Isolation and Aggregation in Economics

Isolation and Aggregation in Economics PDF Author: Ekkehart Schlicht
Publisher: Ekkehart Schlicht
ISBN: 0387152547
Category : Macroeconomics
Languages : en
Pages : 128

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Book Description


Production Economics: An Empirical Approach

Production Economics: An Empirical Approach PDF Author: Charles Britt Moss
Publisher: World Scientific
ISBN: 9811241279
Category : Business & Economics
Languages : en
Pages : 576

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Book Description
Production economics is that branch of microeconomics that examines producer decisions. This book focuses on the empirical estimation of these relationships using primal, dual, and differential specifications. The primal specification models production decisions based on the production function — estimation of the input/output relationship and the derivation of optimization behavior from this technical relationship. The dual approach estimates production decisions using economic information such as input and output prices. The textbook then develops the linkages between these relationships. The differential specification is an alternative approach derived from changes in the first-order conditions from cost minimizing behavior. In each case, the theoretical development is followed by different empirical specifications that can be used to estimate the producer's choice.

A Solution to the Ecological Inference Problem

A Solution to the Ecological Inference Problem PDF Author: Gary King
Publisher: Princeton University Press
ISBN: 1400849209
Category : Political Science
Languages : en
Pages : 366

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Book Description
This book provides a solution to the ecological inference problem, which has plagued users of statistical methods for over seventy-five years: How can researchers reliably infer individual-level behavior from aggregate (ecological) data? In political science, this question arises when individual-level surveys are unavailable (for instance, local or comparative electoral politics), unreliable (racial politics), insufficient (political geography), or infeasible (political history). This ecological inference problem also confronts researchers in numerous areas of major significance in public policy, and other academic disciplines, ranging from epidemiology and marketing to sociology and quantitative history. Although many have attempted to make such cross-level inferences, scholars agree that all existing methods yield very inaccurate conclusions about the world. In this volume, Gary King lays out a unique--and reliable--solution to this venerable problem. King begins with a qualitative overview, readable even by those without a statistical background. He then unifies the apparently diverse findings in the methodological literature, so that only one aggregation problem remains to be solved. He then presents his solution, as well as empirical evaluations of the solution that include over 16,000 comparisons of his estimates from real aggregate data to the known individual-level answer. The method works in practice. King's solution to the ecological inference problem will enable empirical researchers to investigate substantive questions that have heretofore proved unanswerable, and move forward fields of inquiry in which progress has been stifled by this problem.

Social Science Research

Social Science Research PDF Author: Anol Bhattacherjee
Publisher: CreateSpace
ISBN: 9781475146127
Category : Science
Languages : en
Pages : 156

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Book Description
This book is designed to introduce doctoral and graduate students to the process of conducting scientific research in the social sciences, business, education, public health, and related disciplines. It is a one-stop, comprehensive, and compact source for foundational concepts in behavioral research, and can serve as a stand-alone text or as a supplement to research readings in any doctoral seminar or research methods class. This book is currently used as a research text at universities on six continents and will shortly be available in nine different languages.

The Book of Why

The Book of Why PDF Author: Judea Pearl
Publisher: Basic Books
ISBN: 0465097618
Category : Computers
Languages : en
Pages : 432

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Book Description
A Turing Award-winning computer scientist and statistician shows how understanding causality has revolutionized science and will revolutionize artificial intelligence "Correlation is not causation." This mantra, chanted by scientists for more than a century, has led to a virtual prohibition on causal talk. Today, that taboo is dead. The causal revolution, instigated by Judea Pearl and his colleagues, has cut through a century of confusion and established causality -- the study of cause and effect -- on a firm scientific basis. His work explains how we can know easy things, like whether it was rain or a sprinkler that made a sidewalk wet; and how to answer hard questions, like whether a drug cured an illness. Pearl's work enables us to know not just whether one thing causes another: it lets us explore the world that is and the worlds that could have been. It shows us the essence of human thought and key to artificial intelligence. Anyone who wants to understand either needs The Book of Why.

Essays in Econometrics

Essays in Econometrics PDF Author: Clive W. J. Granger
Publisher: Cambridge University Press
ISBN: 9780521796491
Category : Business & Economics
Languages : en
Pages : 400

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Book Description
These are econometrician Clive W. J. Granger's major essays in causality, integration, cointegration, and long memory.

Empirical Asset Pricing

Empirical Asset Pricing PDF Author: Wayne Ferson
Publisher: MIT Press
ISBN: 0262039370
Category : Business & Economics
Languages : en
Pages : 497

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Book Description
An introduction to the theory and methods of empirical asset pricing, integrating classical foundations with recent developments. This book offers a comprehensive advanced introduction to asset pricing, the study of models for the prices and returns of various securities. The focus is empirical, emphasizing how the models relate to the data. The book offers a uniquely integrated treatment, combining classical foundations with more recent developments in the literature and relating some of the material to applications in investment management. It covers the theory of empirical asset pricing, the main empirical methods, and a range of applied topics. The book introduces the theory of empirical asset pricing through three main paradigms: mean variance analysis, stochastic discount factors, and beta pricing models. It describes empirical methods, beginning with the generalized method of moments (GMM) and viewing other methods as special cases of GMM; offers a comprehensive review of fund performance evaluation; and presents selected applied topics, including a substantial chapter on predictability in asset markets that covers predicting the level of returns, volatility and higher moments, and predicting cross-sectional differences in returns. Other chapters cover production-based asset pricing, long-run risk models, the Campbell-Shiller approximation, the debate on covariance versus characteristics, and the relation of volatility to the cross-section of stock returns. An extensive reference section captures the current state of the field. The book is intended for use by graduate students in finance and economics; it can also serve as a reference for professionals.

Entropy Application for Forecasting

Entropy Application for Forecasting PDF Author: Ana Jesus Lopez-Menendez
Publisher: MDPI
ISBN: 3039364871
Category : Technology & Engineering
Languages : en
Pages : 200

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Book Description
This book shows the potential of entropy and information theory in forecasting, including both theoretical developments and empirical applications. The contents cover a great diversity of topics, such as the aggregation and combination of individual forecasts, the comparison of forecasting performance, and the debate concerning the tradeoff between complexity and accuracy. Analyses of forecasting uncertainty, robustness, and inconsistency are also included, as are proposals for new forecasting approaches. The proposed methods encompass a variety of time series techniques (e.g., ARIMA, VAR, state space models) as well as econometric methods and machine learning algorithms. The empirical contents include both simulated experiments and real-world applications focusing on GDP, M4-Competition series, confidence and industrial trend surveys, and stock exchange composite indices, among others. In summary, this collection provides an engaging insight into entropy applications for forecasting, offering an interesting overview of the current situation and suggesting possibilities for further research in this field.

Political Psychology in International Relations

Political Psychology in International Relations PDF Author: Rose McDermott
Publisher: University of Michigan Press
ISBN: 9780472067015
Category : Political Science
Languages : en
Pages : 324

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Book Description
A comprehensive account of the field of political psychology with a focus on its implications for international relations

The Oxford Handbook of Political Methodology

The Oxford Handbook of Political Methodology PDF Author: Janet M. Box-Steffensmeier
Publisher: Oxford Handbooks of Political
ISBN: 9780199286546
Category : Philosophy
Languages : en
Pages : 880

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Book Description
The Oxford Handbooks of Political Science are the essential guide to the state of political science today. With engaging contributions from major international scholars The Oxford Handbook of Political Methodology provides the key point of reference for anyone working throughout the discipline.