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Statistics Seminar - Anil Bera (UIUC)

Event Type
Seminar/Symposium
Sponsor
Department of Statistics
Virtual
wifi event
Date
Sep 3, 2020   3:30 pm  
Views
100
Originating Calendar
Department of Statistics Event Calendar

Abstract: Use of delta method in mathematical statistics and econometrics is ubiquitous. Its mention can be found in almost all advanced econometrics textbooks but mostly without any reference. It appears that nobody knows for certain when the first paper on the topic was published or how the idea was first conceived.  As the Russian poet and essayist Osip Mandelstam (1891-1938) says, “One cannot launch a new history- the idea is altogether unthinkable; there would not be the continuity and tradition. Tradition cannot be contrived or learned. In its absence one has, at the best, not history but “progress"- the mechanical movement of a clock hand, not the sacred succession of interlinked events,” this paper aims to do a comprehensive review of delta method with the objective to trace back to its roots. We provide an account of how the idea first originated in the early nineteenth century from a problem in psychology and later developed into a much more general method that is used to find standard error of a nonlinear function of a statistic today. We also attempt to answer the question of what should rightfully be cited as the first original work on delta method. 

Zoom Meeting
https://illinois.zoom.us/j/91346858334?pwd=RGFlMmJOYVZMd3FHZ1R0eDZCcHpiQT09

Meeting ID: 913 4685 8334
Password: 763007

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