Earlier today I spent some time shitting on this paper without a broader discussion of why I was doing so I shall hold forth on this matter now as I think it is revealing of the absolute state of empirical social science and microeconometrics in particularhttps://twitter.com/RRHDr/status/1295488617125687297 …
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I am not going to sink into a detailed methodological critique because 1) while I hate their antique methods this is unnecessary to make my point, and 2) I am writing for a general audience and want to demonstrate that any idiot can reject papers that uses such methods badly
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Replying to @L0m3z
nonexhaustive list 1. LPM at all, especially with low probability event 2. White errors rather than bootstrapping 3. No regularization with a billion variables 4. Massive overfitting, no cross validation Classic "we ran a regression and didn't think hard about it" paper
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Oh right selection I forgot about selection that is the largest problem class
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