This paper discusses aspects of S.G. Donald et al. (2010) and R. Davidson (2010), which were presented at the Econometrics Journal sponsored special session on the econometrics of inequality measurement, held at the Royal Economics Society Meeting in Surrey in 2010. JEL Classification: C10, C14, C15, I39 ∗This discussion was prepared for presentation at the Econometrics Journal sponsored specia...

Econometrics is an intellectual game played by rules based on the sampling distribution concept. Most students in our econometrics classes are uncomfortable because they don't know these rules, and so do not understand what is "going on" in econometrics. This article offers some explanations for this phenomenon, and suggestions for how this problem can be addressed. Instructors are encouraged t...

In this paper, we provide a detailed comparison between various models that have been provided in literature for predicting faults in the software testing process. They are commonly known as software reliability models. In this paper we discuss an experimental evaluation of software reliability analysis using parametric and nonparametric methods. The experimental data set for different, small a...

Behavioral (e.g. consumption) patterns of boundedly rational agents can lead these agents into learning dynamics that appear to be “wasteful” in terms of well-being or welfare. Within settings displaying preference endogeneity, it is however still unclear how to conceptualize well-being. This paper contributes to the discussion by suggesting a formal model of preference learning that can inform...

This paper proposes a system-wide optimal resource dispatch strategy that enables a shift from a primarily energy cost-based approach, to a strategy using simultaneous price signals for energy, power and ramping behavior. A formal method to compute the optimal sub-hourly power trajectory is derived for a system when the price of energy and ramping are both significant. Optimal control functions...