[PDF] aggregation bias economics

INTERNATIONAL ECONOMIC REVIEW. Vol. 12, No. 2, June, 1971. AGGREGATION BIAS IN LINEAR ECONOMIC MODELS*. BY KANHYA L. GUPTA1. INTRODUCTION. WHILE THERE HAS BEEN  Autres questions
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  • What is an example of aggregation bias?

    Aggregation bias
    Occurs when we lump together the data points in too broad categories. For example, aggregating a dataset by gender to make decisions, not considering that other factors, such as age groups, education level, or income level, also affect the outcomes.

  • What is the concept of aggregation bias?

    In ecological studies, aggregation bias happens when a researcher incorrectly assumes that trends in aggregated data also apply to individual data points. When data is aggregated, or merged, it can hide trends that are happening between individual variables.

  • What is aggregation in economics?

    Aggregation refers to the connection between economic interactions at the micro and the macro levels. The micro level refers to the behaviour of individual economic agents. The macro level refers to the relationships that exist between economy-wide totals, averages or other economic aggregates.
  • The aggregation problem is the difficult problem of finding a valid way to treat an empirical or theoretical aggregate as if it reacted like a less-aggregated measure, say, about behavior of an individual agent as described in general microeconomic theory (see Representative agent, Heterogeneity in economics).
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2002 Elsevier Science B.V. All rights reserved. Todd L. Cherry & John A. List (2002) "Aggregation Bias in the Economic Model of Crime" Economics.



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