Summary: Just under 10 years ago, the International Commission on the Measurement of Economic Performance and Social Progress issued its report, "Mismeasuring
Our Lives: Why GDP Doesn't Add Up."
In what became the title of the report, the panel concluded that we were (and still are) "mismeasuring
Rather than mismeasuring
a single sort of good, some agents who opt for a bird in the hand rather than two in the bush are discounting for uncertainty, opting for more-certainty-of-less now over less-certainty-of-more later.
Barcella, Mary Lashley, Samantha Gross, and Surya Rajan, 2011 "Mismeasuring
Methane: Estimating Greenhouse Gas Emissions from Upstream Natural Gas Development," IHS CERA, August 2011.
There are a number of possible explanations, but the one we find most convincing is that we're simply mismeasuring
Among the topics are the politics of measuring illicit flows and policy effectiveness, assessing foreign compliance in combating narcotics and human trafficking, the politics of numbers in armed conflict, the US State Department and the death toll in Darfur, the Columbian paramilitary in US policy debates, and measuring and mismeasuring
success in countering the financing of terrorism.
So, instead of chancing errors due to misreading or mismeasuring
, next time make a template that'll never vary from move to move or location to location.
The government will continue to cut Social Security payments and many private pensions by continually mismeasuring
For example, Erickson and Whited (2000) show that mismeasuring
q has distorted our understanding of the sensitivity of investment in tangible fixed capital to movements in cash flow by biasing estimates of the coefficient on cash flow away from its true value of zero.
the Mismatch" A Response to Ho, 114 Yale L.J.
The coefficient [[gamma].sub.1t]( [[gamma].sub.2t] or [[gamma].sub.3t]) is also the sum of three parts: (a) a direct effect of the true value of [r.sub.t](ln[[y.sub.t]] or [g.sub.yt]) on the true value of ln([m.sub.t]), (b) a term capturing omitted-variables bias, and (c) a mismeasurement effect due to mismeasuring
[r.sub.t](ln[[y.sub.t]] or [g.sub.yt],) (see Chang et al.