Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
It would be interesting to know exactly how (ie what econometrics software, and how it was tortured) but if the possibilities are many I doubt it would be worth the effort.

According to the report, he uses Stata. I have neither training nor license for that, so I can't reproduce precisely what he did.

But, given the number of parameters he's fitting, my guess would be that he ran a simple model and then expanded the number of model parameters until he got a result he liked, and never bothered to check for misspecification.

At least that's how I would do it if I wanted to do cargo cult science for a belief tank: It produces a superficially plausible result and checking the methodology requires surgical reconstruction. Which means people who don't know better (I plead guilty) tend to take it at face value.

(As an aside, I did know that the author was a liar - I just stopped investigating when I'd found the easiest to detect lie.)

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Dec 27th, 2012 at 06:36:43 PM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series