How much should we inform our patients?

How Much Should We Trust

Most papers that employ Differences-in-Differences estimation (DD) use many years of data and focus on serially correlated outcomes but ignore that the resulting standard errors are inconsistent. To illustrate the severity of this issue, we randomly generate placebo laws in state-level data on female wages from the Current Population Survey. For each law, we use OLS to compute the DD estimate o...

How vigorously should we exercise our rheumatoid arthritis patients?

How much should doctors tell their patients?

The impact of the electronic media and interactive technology today is phenomenal and is changing our world in profound ways, in the realms of science, space, sports, travel, entertainment and communication, to name a few. The information age is squarely upon the human race, and thriving inexorably on its voracious appetite for knowledge. Never has the term "information on one's finger tips" be...

How Much Should We Trust Differences-in-differences Estimates?*

Most papers that employ Differences-in-Differences estimation (DD) use many years of data and focus on serially correlated outcomes but ignore that the resulting standard errors are inconsistent. To illustrate the severity of this issue, we randomly generate placebo laws in state-level data on female wages from the Current Population Survey. For each law, we use OLS to compute the DD estimate o...

How Much Do Monographs Cost? And Why Should We Care?

What does it cost to make a high quality, digital monograph? What may sound like an obvious question turns out to be a very knotty one, driving to the heart of the essence of scholarly publishing today. It is particularly relevant in an environment where the potential of a sustainable open access (OA) business model for monographs is being explored. Two complementary studies funded by The Andre...