Recently on twitter I decided to write a bunch of acronyms. In my defence I noted:
— TVHE (@TVHE) September 5, 2014
Now a couple of points were left unsaid here. What is the other 65% and how did I get my data.
The other 65% falls into three categories. 15% is made up of using esoteric terms to describe often obvious social phenomenon. Another 10% is made up of using metaphors as a way of communicating these esoteric terms. And the final 40% is mentioning data points.
The data set used to decompose what economists do into these categories is an unbalanced panel from the last 7 years. Given selection bias in my sample and the fuzziness of quantifying what fits into certain categories I used a bit of calibration (to fit the data to known population parameters), smoothing, hedonic adjustment, and judgement to adjust the data.
In other terms I made it up.
Proper posts will be back soon – I have been working on posts about NZ election policies. They won’t be that detailed, but hopefully they will be of interest.