Are bandit problems useful at all? Why do theorists insist on being irrelevant
more useful than you.
Kasy and Sautmann Econometrica 2021 proven wrong
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Nothing surprising to me. Economist are just repackaging other people's work and relabeling as their own. Very disgraceful. Cannot compete with CS, ML or Stats.
Certain economists definitely make a career out of this. And this includes copying experiments in psychology (Hunt Allcott JMP), sociology (Bertrand and Mullainathan black/white name paper).
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This case is interesting because while it is very common for proofs to have mistakes, even in famous papers, it is quite unusual for the theorem itself to be wrong. Usually referees get a good idea of whether the theorems are true, and once they believe them don't check the details.
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Oh, I feel bad for K-S. Must have been brutal to read the comment on their ecma.
Also Young's recent and heavily cited QJE.
Econ research, what's wrong?!Must have been brutal to miss out on a job because a competitor candidate had a forthcoming ECTA that turned out to be flawed.