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ijyliu / ECMA-31330-Project

Econometrics and Machine Learning Group Project
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Bonhommes comment #64

Closed nicomarto closed 3 years ago

nicomarto commented 3 years ago

I showed the paper to Bonhomme yesterday. He told me it looked good, so congrats to all! He did say:

  1. If we are pass the 8 pages w/o counting the appendices it is ok, but that we should remember that this is a project. He said that we should put what is crucial in the paper, and then if he/Navad has a questions should go to the appendices.

  2. As Isaac suggested, Bonhomme said that apart from comparing with the average on the simulation part, we should also include the IV case, where we instrument our prefered mismeasured variable with the remaining ones.

  3. For the comparson between avarage, in the simulation we should take log of the true varaible and/or rescale (I prefer by -1), and then do the comparison. The same for IV!

ijyliu commented 3 years ago

@nicomarto is this logging procedure only for the simulations or also the empirical section?