This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

Data Mining: A Reconsideration

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Thomas Mayer

Additional information is available for the following registered author(s):

Abstract

Before condemning data mining one should distinguish between objective and biased data mining. The former is commendable. Even biased data mining is appropriate when used to illustrate and not to test hypotheses. In the context of testing, the problem with biased data mining arises not from the fitting of many regression, but from inadequate reporting of results. The trend towards reporting the results of more alternative specifications, and thus addressing the fragility problem, should be encouraged. To do that the incentives that economists face should be changed.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.econ.ucdavis.edu/working_papers/97-15.pdf
File Format: application/pdf
File Function:
Download Restriction: no

Publisher Info
Paper provided by California Davis - Department of Economics in its series Department of Economics with number 97-15.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length:
Date of creation:
Date of revision:
Handle: RePEc:fth:caldec:97-15

Contact details of provider:
Postal: University of California Davis - Department of Economics. One Shields Ave., California 95616-8578
Phone: (530) 752-0741
Fax: (530) 752-9382
Email:
Web page: http://www.econ.ucdavis.edu/
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: (Thomas Krichel).

Related research
Keywords:

Other versions of this item:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Lovell, Michael C, 1986. "Tests of the Rational Expectations Hypothesis," American Economic Review, American Economic Association, vol. 76(1), pages 110-24, March. [Downloadable!] (restricted)
  2. Cooley, Thomas F & LeRoy, Stephen F, 1981. "Identification and Estimation of Money Demand," American Economic Review, American Economic Association, vol. 71(5), pages 825-44, December. [Downloadable!] (restricted)
  3. Lovell, Michael C, 1983. "Data Mining," The Review of Economics and Statistics, MIT Press, vol. 65(1), pages 1-12, February. [Downloadable!] (restricted)
  4. Staiger, Douglas & Stock, James H & Watson, Mark W, 1997. "The NAIRU, Unemployment and Monetary Policy," Journal of Economic Perspectives, American Economic Association, vol. 11(1), pages 33-49, Winter. [Downloadable!] (restricted)
  5. Gilbert, Christopher L, 1986. "Professor Hendry's Econometric Methodology," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 48(3), pages 283-307, August.
  6. Friedman, Milton & Schwartz, Anna J, 1991. "Alternative Approaches to Analyzing Economic Data," American Economic Review, American Economic Association, vol. 81(1), pages 39-49, March. [Downloadable!] (restricted)
    Other versions:
  7. Eric M. Leeper & Christopher A. Sims & Tao Zha, 1996. "What Does Monetary Policy Do?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 27(1996-2), pages 1-78. [Downloadable!]
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Kevin D. Hoover, Stephen J. Perez, 2000. "Three attitudes towards data mining," Journal of Economic Methodology, Taylor and Francis Journals, vol. 7(2), pages 195-210, June. [Downloadable!] (restricted)
  2. Gérard Charreaux, 2008. "La recherche en finance d’entreprise:quel positionnement méthodologique?," Working Papers FARGO 1080501, Université de Bourgogne - Latec/Fargo (Research center in Finance,organizational ARchitecture and GOvernance). [Downloadable!]
    Other versions:
  3. Roger E. Backhouse, Mary S. Morgan, 2000. "Introduction: is data mining a methodological problem?," Journal of Economic Methodology, Taylor and Francis Journals, vol. 7(2), pages 171-181, June. [Downloadable!] (restricted)
  4. Aris Spanos, 2000. "Revisiting data mining: ‘hunting’ with or without a license," Journal of Economic Methodology, Taylor and Francis Journals, vol. 7(2), pages 231-264, June. [Downloadable!] (restricted)
  5. David Colander, 2000. "New Millennium Economics: How Did It Get This Way, and What Way Is It?," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 121-132, Winter. [Downloadable!] (restricted)
  6. Clinton A. Greene, 2000. "I am not, nor have I ever been a member of a data-mining discipline," Journal of Economic Methodology, Taylor and Francis Journals, vol. 7(2), pages 217-230, June. [Downloadable!] (restricted)
  7. Alastair R. Hall, Fernanda P. M. Peixe, 2000. "Data mining and the selection of instruments," Journal of Economic Methodology, Taylor and Francis Journals, vol. 7(2), pages 265-277, June. [Downloadable!] (restricted)
Statistics
Access and download statistics

Did you know? There is a FAQ (frequently asked questions).

This page was last updated on 2009-10-17.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.