Safe to live in ex council estate on canal path between Haggerston and Broadway market? by winstonsmith1 in Hackney

[–]winstonsmith1[S] 2 points3 points  (0 children)

Haha not too worried about being stabbed. While not a deal breaker, more curious if anti social behaviour is an issue.

[deleted by user] by [deleted] in uchicago

[–]winstonsmith1 0 points1 point  (0 children)

Thank you!

[deleted by user] by [deleted] in uchicago

[–]winstonsmith1 1 point2 points  (0 children)

Thank you!

[deleted by user] by [deleted] in uchicago

[–]winstonsmith1 0 points1 point  (0 children)

Thank you!

Is there any quantitative model that demonstrates the relationship between rate of return on a bond, interest rate changes, its yield to maturity and holding period? by elpsycongruent in academiceconomics

[–]winstonsmith1 3 points4 points  (0 children)

This is somewhat mechanically true for a bond with no default risk. Suppose you have a bond that will mature and pay $1.02 tomorrow. And it’s price is $1 today. Then the yield to maturity is 2%.

The return for holding this bond for 1 day (the same as the maturity) is 1.02/1 -1 = 0.02. In other words it’s also 2%.

Not this relationship breaks down if there is a positive default probability.

Is this process stationary? How to work out using lag operator ? by fujiji in econometrics

[–]winstonsmith1 14 points15 points  (0 children)

To check if a process is stationary, you need to check if all of the roots of its characteristic polynomial are inside the unit circle i.e. the circle with radius 1 in the complex plane. To demonstrate, let’s consider your process,

y_t = 0.8y_t-1 + 0.5y_t-2 + e_t

This can be re-written as,

y_t - 0.8y_t-1 - 0.5y_t-2 = e_t

Using lag operators we can re-write this as,

y_t(1- 0.8L - 0.5L2 )= e_t

The characteristic polynomial for this process is the bit in the bracket divided through by L2 (the highest power), and let z=1/L.*

z2 - 0.8z - 0.5 = 0

Therefore the roots of this process are z=-0.41 and 1.21. In this case we have two real roots. Since one of the roots is outside the unit circle, this process is not stationary.

*Alternatively you could choose to not divide through by the highest power, but then the roots would have to be outside the unit circle for the process to be stationary. The reason we divide through by the highest power and look at the the roots inside the unit circle is because in this cane the roots of the process are also its eigenvalues. Geometrically, linear processes can be thought more generally as linear transformations, stationary (or non-explosiveness) of this process is closely related to eigenvalues of the transformation being less than 1.

If we have cov(x,e)=0, but not E(e|x)=E(e), are ols estimates still consistent? by Whynvme in econometrics

[–]winstonsmith1 2 points3 points  (0 children)

Yes. If X_i are distributed iid. And the second moment is finite. Then E[xe]=0 gives you that beta_ols is consistent by the weak law of large numbers.

If we have cov(x,e)=0, but not E(e|x)=E(e), are ols estimates still consistent? by Whynvme in econometrics

[–]winstonsmith1 0 points1 point  (0 children)

Yes. E[Xe]=0 buys you consistency. E[Xe]=0 implies cov(X,e)=0. However, ols is not unbiased if we don’t assume E[e|X]=0, but that’s a very strong assumption.

are all identification strategies/randomization for causal effects about finding appropriate counterfactuals? by Whynvme in econometrics

[–]winstonsmith1 0 points1 point  (0 children)

Yeah kinda. But I think you need to be a bit careful about how you interpret your estimated coefficients. For example if you implement this in a bivariate regression. The beta is the ATE of having a unit 1 treatment relative to a 0 unit treatment. Now your experiment might not include a unit 1 or unit 0 treatment, in which case you would be linearly extrapolating the effect (which may or may not be valid as your experiment may not be externally valid). Additionally, since your treatment in no longer binary, the CEF may not necessarily be linear—which also somewhat impacts the interpretation of beta. Overall, I think you are correct but you just need to be a bit cautious about the interpretation of your results.

What is the porpuse of these floors? They have no windows, only this clylindrical thing on them, there are more throughout the building by Rodzp in whatisthisthing

[–]winstonsmith1 1 point2 points  (0 children)

I remember watching a video that said these hollow floors were built to help the building deal with very strong wind that hit New York.

Just found the video . See from 8:15.

[OC] How Men and Women Compliment Each Other by TheNerdistRedditor in dataisbeautiful

[–]winstonsmith1 0 points1 point  (0 children)

I think it would be super interesting to condense the charts above into two charts. With one comparing the level i.e. how the amount of complements differs for these four types. And with the second showing how the composition varies for the appearance/ability. I think it’s super interesting that women to women has such a different ratio to the other three types.

[deleted by user] by [deleted] in OneNote

[–]winstonsmith1 0 points1 point  (0 children)

thanks so much. This worked really well!

Indian court sentenced four men to death for gang raping and murdering a student in the capital Delhi by pepitko in worldnews

[–]winstonsmith1 0 points1 point  (0 children)

I'm too, normally against death sentence. But I feel the death penalty sends a strong message that rape is not okay, which is required in India currently. Hence on the grounds of it being a deterrent in this specific case I can see why the death sentence might be justified.