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% |
Conversion
| Team | Opponent | Part 1 | Part 2 | Part 3 | Total | Parts |
|---|---|---|---|---|---|---|
| Abbas I founded the Abbasids | UBC A | 0 | 0 | 10 | 10 | E |
| The Unbearable Heaviness of History Players | UBC B | 0 | 0 | 10 | 10 | E |
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% |