… of the different models, repeated use of model averaging ultimately leads to the correct …
caution about this model averaging strategy. The typical analysis of model averaging takes place …

… We believe that Gresham’s law … Gresham’s law to develop a simple, generic model. Through
a simple simulation, to ascertain whether it makes sense or not, we find the generic model …

… A 93 percent version of Gresham's law, to borrow the title of … be further refined, we think
Gresham's law still belongs in the … in the theory of Gresham's law, armchair reflections and the …

Since the 1970s, a number of high-inflation Latin American countries have experienced
persistent "dollarization." To interpret some of the stylized facts, a simple model is presented in …

… Would forecasters ever have an incentive to revise their beliefs about either their own
model or another rival’s model? We show that Gresham’s law of model averaging continues to …

… from Annapolis of John Gresham, Sr., John Gresham's father, but most of it reflects the younger
Gresham's life in Kent County, Maryland. Gresham's strategies for employing flexible and …

… The process spread through Gresham's Law: bad money was taken by debasing states to
their neighbors and exchanged for good. The neighbor typically defended itself by debasing …

… While Gresham's Law may be operating in the public's attitude toward gun research, this is
unfortunate because there are indeed some very serious researchers in this domain, of whom …

… that it is a field in which Gresham's Law holds in the form, "Hot air drives out cold." I should
also have predicted that it is an activity where the law of diminishing returns holds in the most …