Ontology highlight
ABSTRACT:
SUBMITTER: Abaluck J
PROVIDER: S-EPMC5695563 | biostudies-literature | 2017 Dec
REPOSITORIES: biostudies-literature
Abaluck Jason J Gruber Jonathan J
The American economic review 20171201 12
We explore the in- and out- of sample robustness of tests for choice inconsistencies based on parameter restrictions in parametric models, focusing on tests proposed by Ketcham, Kuminoff and Powers (KKP). We argue that their non-parametric alternatives are inherently conservative with respect to detecting mistakes. We then show that our parametric model is robust to KKP's suggested specification checks, and that comprehensive goodness of fit measures perform better with our model than the expect ...[more]