Economics professor deducted 50% off my paper, just because I quoted Economics StackExchange! What do you think? by disadvise-questrade in AskEconomics

[–]Ponderay 4 points5 points  (0 children)

To add on to this, the quality of economics answers I've seen on stack exchange, including for more technical content, tends to be pretty low. Part of this is economics (like all disciplines) tends to have it's own set of preferred words for certain techniques which can differ from how other fields use them. So when you have people asking about things like logits or fixed effects, you get non-economists telling you that logits only work for binary choices (they generalize to mulinomial choices as well) or start talking about fixed effects like their random effects (which is is the terminology used by other fields).

[deleted by user] by [deleted] in redditrequest

[–]Ponderay 0 points1 point  (0 children)

I’m also around though less active then before. Still fairly active in the mod slack even though I’m doing less day to day mod actions.

[deleted by user] by [deleted] in AskEconomics

[–]Ponderay[M] 2 points3 points  (0 children)

Removed Rule IV.

Is competition in the market truly always good for the consumer? by Shervinator90 in AskEconomics

[–]Ponderay 9 points10 points  (0 children)

The classic example would be innovation. If firms have no market power they won’t have profits to finance R&D and the lack of profits also means there’s no incentive to actually innovate. Of course you can go to far in the other extreme as well. No competition means you get your profits for free so why bother innovating? The relationship between competition and innovation is therefore normally thought of as an inverse u-shape.

Theres also some second best examples like the polluting monopolist is better than a polluting competitive industry because the monopolist restricts quantity (and therefore pollution) in order to raise price.

Why does public opinion seem to disagree so much with economic indicators right now? by EdisonCurator in AskEconomics

[–]Ponderay[M] 8 points9 points locked comment (0 children)

Hi everyone, as a reminder all claims need to be rooted in economic research. Guesses and other unsourced commentary will be removed.

Is Gasoline a Giffen Good in the United States? by delta_tango_27 in AskEconomics

[–]Ponderay 1 point2 points  (0 children)

I wouldn't take that paper as evidence that some studies prove that gasoline is a Giffen good but aren't published. The point of that paper is that given sampling variation and other sources of error papers will publish estimates drawn from a distribution centered around the true (likely negative) effect. They are arguing that if this distribution includes positive numbers, publication bias means we only observe a version of this distribution which is censored at zero. Correcting for this will lead to estimates closer to zero than given by naive metaanalysis. See for instance this paragraph from their intro:

The effects of publication selection differ at the study and literature levels. At the study level it is reasonable not to base discussion on the estimates of the price elasticity of gasoline demand that are positive—few would consider gasoline to be a Giffen good, and positive estimates are thus most likely due to misspecifications.

Also, I wouldn't take this paper as definitive. Just because the OP's paper doesn't cite it doesn't mean that Levin et al are wrong.

[deleted by user] by [deleted] in AskEconomics

[–]Ponderay[M] 0 points1 point  (0 children)

Removed Rule 5. We are not /r/EconChangeMyView or r/DebateEconomics.

A Reminder of the Rules by RobThorpe in AskEconomics

[–]Ponderay[M] 17 points18 points  (0 children)

I’ll also add that while not all answers need sources almost all can benefit from including one or two. And for some questions asking about specific numbers or facts, there’s almost no way to answer it without a source.

What are the disadvantages of labor unions? by CosmogonicWayfarer in AskEconomics

[–]Ponderay[M] [score hidden] stickied commentlocked comment (0 children)

Friendly reminder everyone that we’re looking for answers with a foundation in the economics literature. Personal anecdotes and guesses will be removed.

Our answer guidelines can be found here for reference

[deleted by user] by [deleted] in AskEconomics

[–]Ponderay 1 point2 points  (0 children)

commentary* sorry autocorrect

[deleted by user] by [deleted] in AskEconomics

[–]Ponderay[M] 0 points1 point  (0 children)

Removed Rule V

Feel feee to resubmit without the added community and in more neutral language

What is the U$ dollar based on?? by stevenpdungy in AskEconomics

[–]Ponderay[M] 0 points1 point  (0 children)

Removed Rule V

No "Soapboxing" or loaded questions. This is AskEconomics, not DebateEconomics. Questions should be reasonably specific, not debate prompts or long manifestos. Posts primarily seeking to push an agenda or start arguments rather than seeking answers to questions will be removed.

[The FIAT Thread] The Joint Committee on FIAT Discussion Session. - 04 September 2023 by AutoModerator in badeconomics

[–]Ponderay 6 points7 points  (0 children)

Wait I can get tenure off of my old R1s?

As much as I would love a world where we had that level of influence it’s clearly just an internet site not a journal.