(REPOST FROM JOHN COCHRANE’S BLOG, THE GRUMPY ECONOMIST) On replication in economics. Just in time for bar-room discussions at the annual meetings. “I have a truly marvelous demonstration of this proposition which this margin is too narrow to contain.” –Fermat “I have a truly marvelous regression result, but I can’t show you the data and won’t even show you the computer program that produced the result” – Typical paper in economics and finance.
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