Thanks! Glad you appreciate it. It has been a really fun course to teach!
When I orginally said this in some interview, I was not intending to say anything deep (and did not know they would put this on a kitchen magnet). I do think it is interesting to reflect on the fact that in some fields there are well-defined questions that the field agrees on are important. (1/3)
Glad to hear!
True story! And we got the laundry done too!
Just don’t do it!
Yeah, but in settings where Bernstein-von Mises does not apply, you have to declare your allegiance. E.g., unit root settings, weak instruments. And no, I did not put it on the exam, though probably should have!
Impressive!
You can choose to work on such questions and if you solve them the field will recognize that and you will get credit for that. That is not true in economics. We do not have well-defined questions that have been puzzling the profession for many years and that will eventually get solved. (2/3)
Don’t Do Difference In Differences (DDDID), cheers, guido
In economics at least part of the credit goes to posing the question and convincing the field that the question is interesting. In other fields people often work on questions posed by others. (3/3)
