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Behavioral Economics

City University of New York (CUNY)

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Selection bias

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How Bad Can Good Data Really Be?, William (Bill) H. Williams May 1978

How Bad Can Good Data Really Be?, William (Bill) H. Williams

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Bias has different sources. Measurement errors create "bad" data and biased estimates. But selection biases occur even with "good" data and can be both subtle and large in magnitude.

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