This is the third and final essay in my series on proposals to help reduce the number of unbanked households in America.…
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Statistics does not usually go with the word “famous,” but a few theorems and concepts of statistics find such universal application, that…
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In my last post, I discussed the experience of “postal savings” in America—its origins and how its flawed legislative design caused harm…
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Agriculture is the oldest source of employment and wealth generation for India. It affects the life of every single citizen of the…
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Economy
Reply to “Reply to Whitehead” by Desvousges, Mathews and Train: (4) My treatment of the weighted WTP is biased in favor of the DMT (2015) result/conclusion
by adminby adminDMT (2020) draw attention to my treatment of the weighted WTP estimates. The regression model for the second scenario has a negative…
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Economy
Reply to “Reply to Whitehead” by Desvousges, Mathews and Train: (2) What is the effect of negative WTP?
by adminby adminWhen dichotomous choice CVM data is of low quality, the measure of central tendancy is sensitive to assumptions. As I showed in…
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Economy
Reply to “Reply to Whitehead” by Desvousges, Mathews and Train: (1) Is the log-linear model meaningless?
by adminby adminWhen dichotomous choice CVM data has a negative WTP problem, one of the standard corrections is to estimate a log-linear model and…
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Economy
Reply to “Reply to Whitehead” by Desvousges, Mathews and Train: (6) Are the DMT (2015) data problems typical in other CVM studies?
by adminby adminIn Whitehead (2020) I describe the problems in the DMT (2015) data. It is full of non-monotonicities, flat portions of bid curves…