Weak instrument robust inference is a critical area in econometrics that addresses the reliability of instrumental variable techniques when instruments exhibit only a feeble correlation with the ...

Econometrica publishes original articles in all branches of economics - theoretical and empirical, abstract and applied, providing wide-ranging coverage across the subject area. It promotes studies ...

This is a preview. Log in through your library . Abstract Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This article ...

Our news editors obtained a quote from the research, "This allows to capture both contagion and correlation potentially arising among insureds' behaviors. In this framework, an external market driven ...

Guido Imbens MA ’89, PhD ’91, applied econometrics professor and professor of economics at the Stanford Graduate School of Business, sits in front of two square images of his children playing chess.

“DIVERSIFICATION IS BOTH observed and sensible; a rule of behaviour which does not imply the superiority of diversification must be rejected both as a hypothesis and as a maxim,” wrote Harry Markowitz ...