Friday, August 18, 2017

Anti-Intellectualism: The Demerit Subsidized Good?

Recently, President Donald Trump announced the intent of the United States to withdraw from the Paris Accord. For some, this was a shock as...

OLS, BLUE and the Gauss Markov Theorem

In today’s article, we will extend our knowledge of the Simple Linear Regression Model to the case where there are more than one explanatory...

Newsonomics: Trends in Competition and Bias in the News Industry

Allegedly the most empirical civilization of all time, our Information Age would no doubt serve its audience righteously in their attempts to obtain knowledge....

Pure vs. Mixed Strategies

The stadium lights are blinding, and the murmuring of the crowd in the stands is amplified into a deafening roar. Yet, your senses have...
Source: Introductory Econometrics, A Modern Approach

Introduction to Simple Linear Regression

In the previous article, we introduced the motivation behind econometrics and the role it plays in the field of economics. We also briefly discussed...

The Projected Effects of Dutch Disease

In 2016, the world witnessed as Venezuela fell into a large-scale economic collapse. For some, this implosion seemingly materialized from nowhere. In revision, its...