Just kidding!! Honestly!!! Really!
Let me clarify matters by extending the word "Morons" to "Oxymorons" (or, "Oxmora", if you prefer). Econometric oxymorons, in particular - the econometric equivalents of "press release", or "non-alcoholic beer".
Now do I have your attention?
Here are some examples:
- Nonparametric maximum likelihood
- Nonparametric Bayesian estimation
- Structural VAR models
And then here's one that always has me rolling on the floor: "Instrumental variables estimation of a reduced form equation". This one seems to come up, explicitly or implicitly, in any number of empirical micro. papers.
I think this last one deserves its own separate post!
© 2011, David E. Giles