2024
DOI: 10.3982/ecta22780
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A Comment on: “Presidential Address: Economics and Measurement: New Measures to Model Decision Making” by Ingvild Almås, Orazio Attanasio, and Pamela Jervis

Andrew Caplin

Abstract: ALMÅS, ATTANASIO, AND JERVIS (this issue) make the case for economists going beyond standard choice data in a highly model-based manner due to inherent limits of traditional forms of behavioral and administrative data. Their central claim is that "Measurement is not a substitute for rigorous theory, it is an important complement to it, and should be developed in parallel to it". They trace the history of attempts to convince the profession of the proposition that standard administrative and survey data on choi… Show more

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