Redefining RSS

[From the blog “Justify Your Alpha by Decreasing Alpha Levels as a Function of the Sample Size” by Daniël Lakens, posted at The 20% Statistician] “Testing whether observed data should surprise us, under the assumption that some model of the data is…

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EDWARD LEAMER: On Econometrics in the Basement, the Bayesian Approach, and the Leamer-Rosenthal Prize

(THIS BLOG IS REPOSTED FROM THE BITSS WEBSITE) I became interested in methodological issues as a University of Michigan graduate student from 1967 to 1970, watching the economics faculty build an econometric macro model in the basement of the building (The…

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