Is more data better?

Kaushik Mitra

doi:10.1016/j.jebo.2003.03.006

Is more data better?

Kaushik Mitra

Economics

Research output: Contribution to journal › Article › peer-review

5 Citations (Scopus)

Abstract

Conventional wisdom usually suggests that agents should use all the data they have to make the best possible prediction. In this paper, it is shown that agents may make better predictions by discarding old data if their model is mis-specified. The applicability of the results to some economic models is also demonstrated.

Original language	English
Pages (from-to)	263-272
Journal	Journal of Economic Behavior & Organization
Volume	56
Issue number	2
Early online date	4 Jun 2004
DOIs	https://doi.org/10.1016/j.jebo.2003.03.006
Publication status	Published - Feb 2005

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10.1016/j.jebo.2003.03.006Licence: None: All rights reserved

Cite this

@article{cf516523aef54efa951e836e61a84f89,

title = "Is more data better?",

abstract = "Conventional wisdom usually suggests that agents should use all the data they have to make the best possible prediction. In this paper, it is shown that agents may make better predictions by discarding old data if their model is mis-specified. The applicability of the results to some economic models is also demonstrated.",

author = "Kaushik Mitra",

year = "2005",

month = feb,

doi = "10.1016/j.jebo.2003.03.006",

language = "English",

volume = "56",

pages = "263--272",

journal = "Journal of Economic Behavior & Organization",

issn = "0167-2681",