Inference on Winners*.
Policy makers, firms, and researchers often choose among multiple options based on estimates. Sampling error in the estimates used to guide choice leads to a winner's curse, since we are more likely to select a given option precisely when we overestimate its effectiveness. This winner's curse biases...
| Publicado en: | Quarterly Journal of Economics Vol. 139; no. 1; pp. 305 - 359 |
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| Autores principales: | , , |
| Formato: | Artículo |
| Publicado: |
Oxford University Press / USA
Feb2024
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |