DEFINITION of 'Jerry A. Hausman'
An economics professor and director of the MIT Telecommunications Economics Research Program at the Massachusetts Institute of Technology. Hausman's research has focused on applied microeconomics, econometrics, differentiated products, telecommunications, taxation, energy, aging, the environment and energy. Born in West Virginia in 1946, he first joined MIT in 1973 as an assistant professor.
INVESTOPEDIA EXPLAINS 'Jerry A. Hausman'
Hausman holds a Ph.D. from Oxford University, where he was a Marshall Scholar, and has earned numerous awards, honors and fellowships, including the John Bates Clark Award and the Frisch Medal. His wellknown Hausman Specification Test shows whether statistical models correspond to the data. He is widely published and has been an associate or advisory editor for numerous economics journals.

Akio Mimura
Served as chairman and president of Nippon Steel Corp. Mimura ... 
Statistics
A type of mathematical analysis involving the use of quantified ... 
Economics
A social science that studies how individuals, governments, firms ... 
Microeconomics
The branch of economics that analyzes the market behavior of ... 
Macroeconomics
The field of economics that studies the behavior of the aggregate ... 
Econometrics
The application of statistical and mathematical theories to economics ...

What is the difference between consumer surplus and economic surplus?
The consumer surplus is the difference between the highest price a consumer is willing to pay and the actual market price ... Read Full Answer >> 
What is the variance/covariance matrix or parametric method in Value at Risk (VaR)?
The parametric method, also known as the variancecovariance method, is a risk management technique for calculating the value ... Read Full Answer >> 
What does it signify about a given product if the consumer surplus figure for that ...
High consumer surplus for a particular product signifies a high level of utility for consumers and may carry some implications ... Read Full Answer >> 
What is backtesting in Value at Risk (VaR)?
The value at risk is a statistical risk management technique that monitors and quantifies the risk level associated with ... Read Full Answer >> 
How much variance should an investor have in an indexed fund?
An investor should have as much variance in an indexed fund as he is comfortable with. Variance is the measure of the spread ... Read Full Answer >> 
Can the correlation coefficient be used to measure dependence?
The correlation coefficient can be used to measure the linear dependence between two random variables. The most common correlation ... Read Full Answer >>

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