A Theory of Experimenters

*Note the unusual location of this talk.*

Speaker's Page:  http://economics.ubc.ca/faculty-and-staff/erik-snowberg/.

UBC news-release on Dr. Snowberg: http://news.ubc.ca/2016/03/15/esteemed-economist-joins-ubc-as-new-canada-excellence-research-chair/

Abstract:  This paper proposes a decision-theoretic framework for experiment design. We  model experimenters as ambiguity averse decision-makers, who trade-off subjective expected performance, and robustness.  This framework suitably accounts for experimenters' preferences for randomization, and the circumstances in which randomization occurs: whenever available sample size becomes large enough. We illustrate the practical value of such a framework by studying the issue of rerandomization. We show that rerandomization creates a trade-off between subjective performance and robustness but that loss in robustness due to rerandomization grows very slowly with the number of assignment draws.

Event Type
Location
Room 102, Michael Smith Laboratories (2185 East Mall)
Speaker
Erik Snowberg, Professor, CERC in Data-intensive Methods in Economics, Vancouver School of Economics, UBC
Event date time
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