BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//CREST - ECPv5.1.3//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-WR-CALNAME:CREST
X-ORIGINAL-URL:https://crest.science
X-WR-CALDESC:Events for CREST
BEGIN:VTIMEZONE
TZID:Europe/Helsinki
BEGIN:DAYLIGHT
TZOFFSETFROM:+0200
TZOFFSETTO:+0300
TZNAME:EEST
DTSTART:20180325T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0300
TZOFFSETTO:+0200
TZNAME:EET
DTSTART:20181028T010000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20180614T140000
DTEND;TZID=Europe/Helsinki:20180614T153000
DTSTAMP:20260715T002945
CREATED:20180529T151747Z
LAST-MODIFIED:20180529T151747Z
UID:12077-1528984800-1528990200@crest.science
SUMMARY:Stephane BONHOMME (University of Chicago) - "Minimizing Sensitivity to Model Misspecification" joint with Martin WEIDNER
DESCRIPTION:The Malinvaud-Adres Seminars: Every Thursday at 2:00 pm\n\n\n\n\n\nTime: 2:00 pm – 3:30 pm \nDate: June 14th\, 2018 \nPlace: Room 3001 \n\n\n\n\n\nAbstract: We propose a framework to adjust the predictions based on an economic model\, and the estimates of the model parameters\, when the model may be misspecified. Our approach consists in minimizing the sensitivity of the estimates to the type of misspecification that is most influential for the parameter of interest. We rely on a local asymptotic approach where the degree of misspecification is indexed by the sample size\, and derive formulas to construct estimates whose mean squared error is minimax\, based on simple one-step adjustments. We construct confidence intervals that contain the true parameter under both correct specification and local misspecification. We calibrate the degree of misspecification using a model detection error approach\, which allows us to perform systematic sensitivity analysis in both point-identified and partially-identified settings. As main illustrations we study panel data models where the distribution of individual effects may be misspecified and the number of time periods is small\, and we revisit the structural evaluation of a conditional cash transfer program in Mexico.\n\n\n\n\n\n\n\n\n\n\n
URL:https://crest.science/event/stephane-bonhomme-university-of-chicago-minimizing-sensitivity-to-model-misspecification-joint-with-martin-weidner/
CATEGORIES:Economics
ORGANIZER;CN="Thierry%20Kamionka":MAILTO:thierry.kamionka@ensae.fr
END:VEVENT
END:VCALENDAR