generalized method of moments - 2025 NAFTA

Packet 5: Bonus 15

The J-statistic tests for over-identifying restrictions in this method, which can be used when there are more instrumental variables than endogenous regressors. For 10 points each:

[10h] Name this econometric method developed by Lars Peter Hansen. This method builds on a simpler approach to parameter estimation, which equates certain sample and population terms, by incorporating a weighting matrix W.

ANSWER: generalized method of moments [or GMM; reject “method of moments”]

[10m] GMM can be used to estimate the Euler equations for the consumption-based form of this model. The Fama-French model expands this model, which relates an investment’s expected return to its systematic risk, or beta.

ANSWER: capital asset pricing model [or CAPM (“CAP-um”); accept consumption-based capital asset pricing model or C-CAPM]

[10e] Arellano and Bond applied GMM to panel data in a paper estimating demand for this factor of production. Neoclassical models predict that a minimum wage would create gaps between supply and demand for this factor.

ANSWER: labor [prompt on jobs or work or employment]

<TM, Social Science> | NAFTA-Packet-5

Heard	PPB	E %	M %	H %
42	11.90	95%	21%	2%

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Conversion

Team	Opponent	Part 1	Part 2	Part 3	Total	Parts
(give me an) ANSWER: die for baseball	Quebecois Olga Tokarczuk be like 'freins de jacob interdits'	0	0	10	10	E
A Neg of Beauty is a Joy Forever	Vacuous Tortoise	0	0	10	10	E
Abbas I founded the Abbasids	UBC A	0	0	10	10	E
Ana Pauker? I hardly know her!	Tennessee A	0	0	10	10	E
BHSU	In the Mood for Transportation Equipment	0	10	10	20	ME
Berkeley A	Berkeley B	0	10	10	20	ME
Capital One in the Twenty-First Century	consumption smoothing by borrowing future big law income	10	10	10	30	HME
Copán Seethe	Polish Orthographers Posting Their Łs	0	0	10	10	E
David Foster Gromit	It's something unpredictable/that in the end is right/please refrain from e-mailing my wife	0	0	10	10	E
Execute Order 6 7	Northwestern	0	10	10	20	ME
Girls who Just Want to Have Fun + Liam	Say It Ain't Zhou	0	0	0	0
Guelph Cloze	Strange Case of Dr. Joker and Mr. Pennywise	0	0	10	10	E
H Charlson's Washed Up Scrubs	C R A B S	0	10	10	20	ME
Habitat 67	NYU B or not NYU B (that is the question)	0	10	10	20	ME
I fear not the man who has reviewed 10000 cards once, but I fear the man who has reviewed one card 10000 times	Licence to Bill	0	0	10	10	E
I'm just here (being trivia club president) so I won't get fined	You Don't Have the Cards	0	10	10	20	ME
Indiana	The tram is not in service; please use the moving walkway.	0	0	10	10	E
Invective Against Swans	1000000 Delinquents	0	0	10	10	E
JHU	Maryland F♯ A♯ ∞	0	0	10	10	E
Licence to C. Wright Mill	The lion does not concern itself with negging teammates out of their own categories	0	0	10	10	E
Maybe Ever	WashU	0	0	10	10	E
Middlesex County Fetty Wap Fan Club	Surrealist Subcommandante Marcos be like Esto no es una pipa	0	0	10	10	E
Munir Siddiqui Fan Club	Penn State	0	0	10	10	E
Muscle Mass Extinction Event	Chicago !A	0	10	10	20	ME
NYU A	Shipping Down from Ballston	0	0	10	10	E
Negged Five Times in a Yellow Cab Against the Gottis and Gambinos	Six Quizbowlers in Search of Owen Minmo	0	0	10	10	E
No Country for Old Quizzers	Dielectrical Materialism	0	0	10	10	E
Noah Sheidlower	Untitled Keyal Team	0	0	10	10	E
Not Old! (Old)	Constans Constantius and Constantine Jr.	0	0	10	10	E
Rosslyn Academic Team	UNC Charity	0	0	10	10	E
St. Marx	four high school generalists shock natives with fluent stock in Tocharian B	0	0	10	10	E
Stanford A	Stanford B	0	0	10	10	E
Team 8	Team 7	0	0	10	10	E
The Saint-Straw that Broke the Camille's Back	The Fire Neg Time	0	0	10	10	E
The Third Time when she was Given to Answer the Hard and the Easy, and Answered Only the Easy	Dour Straits	0	0	10	10	E
The Umayyad Caliphate be like REPEAL NAPHTHA	Georgia Tech 𓂈𓆉𓃡	0	0	10	10	E
The Unbearable Heaviness of History Players	UBC B	0	0	10	10	E
The Worst Trade Deal in the History of Trade Deals	W&L+Friend	0	0	10	10	E
Untitled by Alexander McQueen by Premeditated Chaos by Alexander McQueen by Percival Everett	The "C" Team	0	0	10	10	E
Where's the nearest library, I need to have a public crashout.	William of Baskerville attempts to investigate John P. Robarts, gets turned away for not having a student card	0	0	0	0
[Redacted]	Lex	0	0	10	10	E
https://i.imgur.com/C6nN2FE.png	Contessa Dora	0	10	10	20	ME

Summary

Tournament	Edition	Match	Heard	PPB	E %	M %	H %
2026 NAFTA at Stanford	01/17/2026	✓	4	12.50	100%	25%	0%
2026 NAFTA at UBC	01/17/2026	✓	2	10.00	100%	0%	0%
2025 NAFTA Online	02/14/2026	✓	4	10.00	100%	0%	0%
2026 NAFTA at Vanderbilt	02/14/2026	✓	3	6.67	67%	0%	0%
2025 NAFTA at Toronto	09/13/2025	✓	5	10.00	80%	20%	0%
2025 NAFTA at Maryland	09/27/2025	✓	4	12.50	100%	25%	0%
2025 NAFTA at Harvard	10/04/2025	✓	3	16.67	100%	33%	33%
2025 NAFTA at Oxford	10/11/2025	✓	4	12.50	100%	25%	0%
2025 NAFTA at Chicago	11/08/2025	✓	6	15.00	100%	50%	0%
2025 NAFTA at Columbia	11/08/2025	✓	5	12.00	100%	20%	0%
2025 NAFTA at Richmond	12/20/2025	✓	2	10.00	100%	0%	0%