每日简报

受限因变量模型中可扩展的似然推断AI 解读

Limited dependent variable models are central to empirical economics, but likelihood-based inference is infeasible when likelihoods involve high-dimensional integration over latent variables. This paper proposes Stochastically Estimated Gradient Ascent (SEGA), a scalable estimation approach for limited dependent variable models. Using Fisher's identity, SEGA replaces the intractable likelihood score with an unbiased augmented data score evaluated at a single conditional draw…

异质主体模型的有限信息估计AI 解读

We develop a method for estimating and testing a single block of a macroeconomic model with heterogeneous agents, without placing assumptions on the structure of the rest of the economy. In a large class of models, individual agents' decisions depend on the macroeconomy only through their expectations of the evolution of a finite-dimensional vector of "sufficient statistics" (e.g., asset returns or aggregate earnings). Our estimator selects the structural parameters that…

多中心随机试验中的稳健协变量调整AI 解读

Augmented inverse probability weighting and G-computation with canonical generalized linear models have become increasingly popular for estimating the average treatment effect (ATE) in randomized experiments. These methods leverage outcome prediction models to adjust for imbalances in baseline covariates across treatment arms, improving power compared to unadjusted analyses, while controlling Type I error, even when models are misspecified. In multi-center trials they are…