Vikram

Economist.

[Vikram @vikbahure]

Really excited to work with the team and actively contribute to research on internal #labour #migration. Thanks to @dvararesearch and @Shram_Sarathi for the opportunity. #India #econResearch #financialinclusion

[Dvara Research: Public Policy & Advocacy @dvararesearch]

We are delighted to announce that as part of the Dvara Research Fellowship Program, in association with @Shram_Sarathi, we have chosen Vikram Bahure (@bahure) for the program. He will conduct research on themes in #household #finance of #migrant households in India.
#Migration

[Sushant Singh @SushantSin]

"The government, including the Finance Minister, has buried its heads in the sand. In the process, the powerful SEBI board has been rendered meaningless."

@suchetadalal says there is nothing to hold a regulator accountable if the government refuse to initiate corrective action.

[Sucheta Dalal @suchetadalal]

This is so scandalous... will mainstream media finally wake up? First time ever a regulator, #SEBI issues a press release and its employees say it is a pack of lies and come down in protest!! Is this about @HindenburgRes ?? @FinMinIndia @nsitharaman Still determined to embarrass themselves, the nation and the capital market??

[rathin roy @EmergingRoy]

India will make a defining choice between economic mediocrity and inclusive prosperity on June 4.
Because, we get what we vote for

[Live Law @LiveLawIndia]

#SupremeCourt to hear today the contempt case against Patanjali Ayurved over misleading medical ads.

Patanjali MD Acharya Balkrishna and Baba Ramdev are directed to be personally present before the Court.

They have expressed "unconditional and unqualified" apology to SC.

[Jon Hartley @Jon_Hartley_]

On why he is retiring from academia: "It just didn't make sense to me to keep on puttering around, doing all this work, spending years to write papers that no one cared about when I had other ways of getting my ideas out. And really my interests were elsewhere. I didn't get any thrill. It'd be one thing. If I got a thrill from publishing, if I loved the act of publishing, and it made me feel great to see my nature in some journal, then it would be different. But I never cared about that. I just liked answering the problems and I realized there were better ways, there were better venues for me to answer your problem. And so really the question is, why am I retiring now? The question I should ask myself is why didn't I retire a long time ago? It made no sense. I've just been, I've thought, I've known for years, it's the wrong place for me to be. And it just took me a long time to figure out how to extricate myself from academics. And I'm so glad I'm doing it. It's good for everyone. It doesn't make any sense to, it feels to me awful to be in a place where I'm not excited and where I'm not contributing materially. So, for me, it feels like a breath of fresh air to be saying, "Hey, I'm not going to be an academic anymore. I'm going to be doing what I really love to do.""

[Vikram @vikbahure]

@mushfiq_econ But interpretation depends on the course, dept. and the Prof. When I was at KGP - Econ courses most of us got A-B but in Math dept. courses the avg was around B-C. In a Partial Differentiation course avg was C-D in a batch of 400 with 2-4 students securing B.

[Khoa Vu @KhoaVuUmn]

When the top PhD student of the department goes on the job market:

[Ugo Gentilini @Ugentilini]

Early results are out!

2 years into its 12-yr duration, a #UBI for 5k ppl in #Kenya ($0.75/day):
- doesn't reduce labor supply
- spurs entrepreneurship
- reduced depression
- supply chains increased to meet local demand

Banerjee @PaulFNiehaus et al
https://t.co/RTK7NOTgfg

[Vikram @vikbahure]

@hapyresearchers Necessary condition to discuss poverty and inequality.

[Jessica Leight @leightjessica]

@katjabergonzoli @madhuri_ab @vikbahure + Maji show exposure to school construction program ⬇️ IPV in India: channels are shifting norms (less tolerant of IPV), better partner quality + more access to information / law enforcement
https://t.co/Hw5Ohf8ydJ
https://t.co/Xut1GCQ5uj

[Italian Association of Development Economists @Sites_DevEcon]

📢📢New #SITES Working paper on Education and Domestic Violence: Evidence from a School Construction Program in India, by Madhuri Agarwal, Vikram Bahure, @katjabergonzoli, Souparna Maji,
Link to paper: https://t.co/DH8EvFcfN1

[The Nobel Prize @NobelPrize]

BREAKING NEWS
The Royal Swedish Academy of Sciences has decided to award the 2023 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Claudia Goldin “for having advanced our understanding of women’s labour market outcomes.”

#NobelPrize

[Chinmay Tumbe @ChinmayTumbe]

📢The 2023 Caste Census of Bihar allows us to see century-long demographic change in castes for a sizeable Indian region for the first time.

This thread compares the Bihar Census of 1931 with 2023 and reveals: Broad stability+ The significance of migration selectivity (1/12)

[Selçuk Korkmaz @selcukorkmaz]

Design of Experiment in Research - A Simple Explanation 🧪

💎 Intro to Design of Experiment (DOE)

Imagine baking a cake. How do you know which ingredients or oven temperature give the best result? Just like in baking, researchers use DOE to test multiple factors at once to find the best "recipe" for success.

💎 Why Use DOE?

It's efficient! Instead of testing one thing at a time, DOE lets you test many factors simultaneously. It's like checking how flour, sugar, AND eggs affect your cake all at once.

💎 Basics: Factors & Levels

• Factors: These are the variables you're studying. For the cake, it's ingredients like sugar, flour, and eggs.
• Levels: The different amounts or settings of each factor. Maybe you try 1 cup or 2 cups of sugar, for instance.

💎 Randomization

DOE isn't just random. But to avoid biases, you randomize the order of tests. Like shuffling a deck of cards to keep the game fair.

💎 Replication

To be sure your results aren't just flukes, you do the experiment multiple times. It's like baking several cakes to ensure your new recipe consistently tastes great.

💎 Interaction

Sometimes factors combined can have surprising results. Maybe sugar and eggs together make the cake rise more than expected. That’s an interaction!

💎 Blocking

If there’s an unwanted variation that might affect results (like different ovens), you "block" experiments by that factor. This keeps your results more consistent.

💎 Benefits of DOE:

1. Efficient use of resources.
2. Comprehensive understanding.
3. Finds interactions that might be missed in one-factor-at-a-time experiments.

💎 Types of DOE:

• Factorial Design: Tests all possible combinations of factors and levels. Super thorough!
• Fractional Factorial: A shortcut version. Tests only a fraction of combinations but still gives insights.
• Response Surface Methods: Helps find the "sweet spot" where conditions are just right.

💎 Analyze & Interpret

After running a DOE, you’ll use statistics to figure out which factors are most important, and how they work together. The goal? A recipe (or solution) that’s just right.

💎 DOE in Real Life

It’s not just for baking or labs! Manufacturers, marketers, farmers, and many others use DOE to optimize products and processes. It's a powerful tool to make things better, faster, and cheaper.

💎 Wrap Up

Design of Experiment is like a sophisticated recipe book for researchers. It guides them in testing multiple ingredients at once, so they can find the best mix for success.
Remember, life's too short for bad cake (or inefficient experiments). Happy researching! 🧪🔍

#Statistics #DataScience

[Milan Vaishnav @MilanV]

Very good piece by ⁦@suyashrai⁩ on the latest Personal Data Protection Bill in India, now poised to become law. https://t.co/muhHbHcBQa

[Advanced Graduate Workshop @AGWeconomics]

Day 6 witnesses Dilip Mookherjee's presentation on the
'Political Economy of Local Development Programmes: Targeting and Decentralization' which looks at measuring and resolving the political distortions of welfare programs manifested in targeting & implementation.

🧵
{1/12}

[Pramit Bhattacharya @pramit_b]

Had a very constructive discussion on the statistical system with @PallaviNahata, who had pointed questions on my recent @CarnegieEndow paper on this topic (https://t.co/xT3MGsUnGN)

[Richard Blundell @R_Blundell_UCL]

Inequality: The Deaton Review. The whole evidence volume of the Review, with clickable links to the remarkable set of commissioned articles across the many dimensions of inequality, is available here https://t.co/qIFO145Ixk

[Tavneet Suri @SuriTavneet]

Deadline 11.59PM tomorrow!!

Submit to the ISB-NBER conference in Hyderabad on Dec 16-17

Focused on relationships between capital markets & technology, particularly the intersection of the two, financial inclusion & economic growth

Should be awesome!

https://t.co/9fJFxQMoON

[rathin roy @EmergingRoy]

My latest column in the Business standard. Trivial policy debates, in the face of serious structural challenges that I have been pointing to for some time, can mortally wound India’s quest for inclusive prosperity. H/T @kaul_vivek for his recent analysis.