Econometricians will rule the world eventually
Posted August 21, 2007on:
It sometimes seems that more interesting economic research is done by econometricians than theoreticians, these days. The way to make your name now is to have a knack for finding inventive experimental designs. Here is an interesting paper about the effect of cellphone use on car-crash rates. It uses the discontinuity in cellphone usage rates across peak/off-peak times to evaluate the effect that cellphone usage has on crash rates. In contrast to the prevailing literature, and quite counter-intuitively, they find no significant effect. Another reason for governments to be hesitant about hasty regulation?