The risk of econometric models includes model-misspecification risk and estimation risk.
计量经济模型总风险由模型(误设)风险和估计风险构成。
2
Results Under model misspecification conditions, propensity score methods had better robustness than model based methods.
结果当存在模型误定时，倾向指数方法比基于模型的方法具有较好的稳健性。
3
However, there are many subjectivity and randomness on the specification of individual and time effects, which easily leads to misspecification and wrong conclusions.