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I've taken just as many stats classes that don't touch data; I don't think either of us want to argue pedagogy of teaching on HN (fuck, I didn't even want to sp
by pseut 14y ago
I've taken just as many stats classes that don't touch data; I don't think either of us want to argue pedagogy of teaching on HN (fuck, I didn't even want to spell it and it's likely I didn't), but I don't think that there's a huge difference in how Econ and stats departments teach the same material or use terminology. (there are big differences in the material selected, obviously).
This statement can't be true: "GMM provides a way to estimate the parameters of a model with out making assumptions about the population.". You need assumptions, just different assumptions. Frequently those assumptions involve agent rationality, but not always (after all, MLE is a special case of GMM).
- zissou 14y ago"MLE is a special case of GMM" You have it backwards. MLE is actually a special case of GMM. I'm done here.