Tag Archives: Research

Noah Smith has a fantastic essay on the problem with economics papers. Some excerpts: …in practice, I think what often happens in econ is more like the following: 1. Some papers make structural models, observe that these models can fit (or sort-of fit) a couple of stylized facts, and call it a day. Economists who like these theories (based on intuition, plausibility, or the fact that their dissertation adviser made the model) then use them for policy predictions forever after, without ever...

Guest post by Jeff Mosenkis of Innovations for Poverty Action. Chris Blattman had a nice interview with Stephen Ladek of the Terms of Reference podcast (iTunes). Chris talked about his approach to what RCTs are good for – less about that specific program but more about testing our assumptions behind the mechanism through which something might work. They also get into how he got started studying conflict and resolution (because someone offered to let him borrow some Land Rovers), but why he’s...

Guest post by Jeff Mosenkis of Innovations for Poverty Action. The datasets above all have the same means, SD, and correlations explain Justin Matejka & George Fitzmaurice of Autodesk in a modern update of Anscombe’s Quartet. But the lesson is the same – always plot your stuff. (h/t everybody) Jobs postings: Summer jobs with Busara Center, full-year with Michael Clemens, and many at the IPA/J-PAL (and several other orgs) jobs portal. Podcasts: Tyler Cowen talks with Cardiff Garcia on FT...

Guest post by Jeff Mosenkis of Innovations for Poverty Action. Chris Blattman & Stefan Dercon have an op-ed in the New York Times, reporting on their study with IPA and the Ethiopian Development Research Institute. They randomly offered poor workers in Ethiopia who were applying for factory jobs the jobs they wanted or an alternative entrepreneurship opportunity. Turns out the jobs were pretty bad – most quit and those that stayed weren’t any better off than those who never god a job...

It’s no secret that I think most investors should index.  To be more precise, I’d call most “investors” savers.  And if you’re treating your portfolio as if it’s your savings then your financial goals are pretty simple: 1) outpace inflation and 2) reduce the risk of permanent loss.  You don’t need to “beat the market” or just maximize returns.  The best way to achieve these two goals is to implement a diversified, low fee and tax efficient portfolio. Given all that, indexing is the obvious...