The Signal-to-Noise Problem

My 2006 book, Putting Econometrics in its Place, argued that the signal-to-noise issue is a serious problem in econometrics.

My two most recent papers on this topic are:

Doubtful Significance

Can an amorphous cloud of points really illustrate a significant relationship?

Link to the paper

A Clear Case
Why is the Signal-to-Noise Ratio so much Higher in Case Studies than in Econometrics?
Link to the paper

These research findings have implications for the applied economics research agenda - see here.