tag:blogger.com,1999:blog-2198942534740642384.post2895143873762863485..comments2023-10-24T03:16:41.009-07:00Comments on Econometrics Beat: Dave Giles' Blog: Mathematics, Economics, & the Nobel PrizeDave Gileshttp://www.blogger.com/profile/05389606956062019445noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2198942534740642384.post-68566755681723965192012-10-11T12:39:01.783-07:002012-10-11T12:39:01.783-07:00Someone's work says a Nobel prize winner is mo...Someone's work says a Nobel prize winner is more likely to come from Switzerland. Why? They consume more chocolate. <br />Have fun:<br />http://www.nejm.org/doi/full/10.1056/NEJMon1211064Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2198942534740642384.post-25217932125620028702012-10-09T13:53:45.252-07:002012-10-09T13:53:45.252-07:00Thanks! But I suspect that most authors (and reade...Thanks! But I suspect that most authors (and readers) of papers in (say) "Journal of Appled Econometrics" would disagree with you.<br />Dave Gileshttps://www.blogger.com/profile/05389606956062019445noreply@blogger.comtag:blogger.com,1999:blog-2198942534740642384.post-1877029139794292102012-10-09T13:44:13.746-07:002012-10-09T13:44:13.746-07:00Well, the way I see it, it's relatively easy t...Well, the way I see it, it's relatively easy to run a regression, change the specification a bit, run another regression, ad infinitum. And more than a few papers, with tables and tables of regression coefficients, seem to follow that recipe..<br /><br />But it takes sharper, more critical thinking to figure out which regressions really mean anything, are valid beyond the sample used in estimation, or tell us something important we didn't already know or are at all relevant to anything other than a small group of academics in one obscure sub-discipline.<br /><br />So, consider it a folk theorem: the more regressions in a paper, the less important the paper really is.<br /><br />In that light, the negative correlation isn't as surprising.<br />Anonymousnoreply@blogger.com