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Econowmics

  • Home
  • Economics
    • Econometrics
    • Economics and History
    • Macroeconomics
    • Microeconomics
    • Miscellaneous
      • Awards and Honors
      • Economic Schools of Thought
      • Economic Quotes
      • Economic Videos
    • Terms and Concepts
  • Cognitive Biases
  • Data Analysis
    • Statistics
    • Python Programming
  • Contact

Category: Statistics

Casino de-Monte Carlo

Econometrics / Statistics

Monte Carlo Simulation

Monte Carlo simulation refers to a bewildering range of techniques to make estimations of some unknown parameters by repeatedly sampling the input data.

Omitted Variable Bias

Econometrics / Statistics

Omitted Variable Bias

Omitted variable bias happens when a variable is omitted from your regression model. Duh!

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Tag Cloud

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  • Daniel Kahneman
  • Amos Tversky
  • cognitive bias
  • Milton Friedman
  • Adam Smith
  • Wealth of Nations
  • Nobel Prize Laureate
  • Milton Friedman Prize For Advancing Liberty
  • Moral Hazard
  • The Conjunction Fallacy
  • The Linda Problem
  • Behavioral Economics
  • Dow Jones Industrial Average
  • World Economic Forum
  • WEF
  • Christine Lagarde
  • Foreign exchange rate
  • hyperinflation
  • economic development
  • Purchasing Power Parity
  • ppp
  • exchange rate
  • nobel prize in economics
  • The Economist
  • nobel prize laureate in economic sciences
  • Paul Slovic
  • paul samuelson
  • London School of Economics
  • The Sunk Cost Fallacy
  • daniel kahnemann

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