Thursday, March 4, 2010

As A General Rule

...FLG is not too interested in the value of your t statistic or r-squared when you readily admit your data is shit.

The blind devotion of many social scientists to be empirical leads them to run pointless regressions. Be happy coming up with a compelling theory. If you can't find good data, then you can't find good data. No point it wasting time in Stata and printing detailed tables when you've got a garbage in/garbage out problem.

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