The ‘con’ in econometrics made visible

Posted: April 10, 2011 | Author: Daniel J. Smith | Filed under: Econometrics | Leave a comment »

http://cafehayek.com/2011/04/the-con-in-econometrics-made-visible.html

Econometrics

Posted: March 24, 2011 | Author: Daniel J. Smith | Filed under: Econometrics | Leave a comment »

http://marginalrevolution.com/marginalrevolution/2011/02/how-best-to-learn-some-econometrics.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+marginalrevolution%2FhCQh+%28Marginal+Revolution%29

Stephen Levitt on Economic Methodology

Posted: December 6, 2010 | Author: Daniel J. Smith | Filed under: Econometrics, Methodology, Statistics | Leave a comment »

http://freakonomics.blogs.nytimes.com/2010/12/06/better-late-than-never-the-explanation-for-a-puzzling-pattern-in-gas-prices/

“…it points out the dangers of a discipline like economics in which there are “many degrees of freedom,” i.e. where there are lots of different possible explanations floating around. Usually that means that an economist can come up with some rationale to explain just about any outcome imaginable. Often it won’t be the right explanation, but absent some way to disprove it, many people can be convinced it is the truth.”