A long pondered but only lately realized blog about economics, politics, evaluation, econometrics, academia, college football and whatever else comes to mind.
Sunday, January 28, 2024
Economics Moment of Zen #19
Senior colleague: "So basically its stuff that's not in the model?"
Job candidate: "There are logit errors in the model."
Addendum:
Same senior colleague, basically the same question
Different job candidate: "There are always the logit shocks."
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