Econ 420 - Econometrics and Horse Racing
My Econometrics class (from ratemyprofessor.com)
Pretty challenging, but the class itself is great! Gramm is absolutely hilarious (if you aren't offended by sarcasm). Just stay on top of the homework and prepare really, really well for the tests. (And as a side note... you will learn A LOT about horse racing.)
I wonder if they absorbed more equinometrics or econometrics. I don't really think I talked all that much about the sport of kings, though my status as a new horse owner was of keen interest (many were shocked that I'd never seen the horse nor meet the trainer).
I did have them rework Ray and Grimes 1993 Social Science Quarterly paper on jockeys (Jockeying for Position: Winnings and Gender Discrimination on the Thoroughbred Racetrack). Below is the question from my unlimited time open book open note take home exam (students claimed to have worked from 10 to 30 hours on the exam with the average being 16).
Jockeying for Position: A Replication of Ray and Grimes (1993) (60%)
Update the results of this paper using data from the 1999 season (jockey). Data is from the 2000 American Racing Manual and contains the Top 251 jockeys (238 males and 13 females).
Variables: last Jockey’s last name
fir Jockey’s first name
mi Jockey’s middle initial
born Year jockey was born
country Country of origin
sts Starts (both stakes and non-stakes)
win Total wins
place Total seconds (place)
show Total thirds (show)
purses Total purses in $
f =1 if female
a =1 if apprentice
stk number of stake events
Recreate Table 1 and 2 using your results. Be careful to use the exact same variable definitions and techniques as Ray and Grimes. Discuss your results versus those Ray and Grimes, focusing on differences in the two tables and the estimates presented on pages 56-59. Your answer will be in the form of short paper (3-4 pages & 2 tables, perhaps entitled “Gender Discrimination Among Jockeys: A Reinterpretation”) with three sections. The Introduction should summarize Ray and Grimes’s paper, discuss the new dataset and refer to Table 1 with comparisons between papers. The Empirical Results section should replicate Table 2 and compare and contrast results with Ray and Grimes. The paper should close with a Conclusion section.
Pretty challenging, but the class itself is great! Gramm is absolutely hilarious (if you aren't offended by sarcasm). Just stay on top of the homework and prepare really, really well for the tests. (And as a side note... you will learn A LOT about horse racing.)
I wonder if they absorbed more equinometrics or econometrics. I don't really think I talked all that much about the sport of kings, though my status as a new horse owner was of keen interest (many were shocked that I'd never seen the horse nor meet the trainer).
I did have them rework Ray and Grimes 1993 Social Science Quarterly paper on jockeys (Jockeying for Position: Winnings and Gender Discrimination on the Thoroughbred Racetrack). Below is the question from my unlimited time open book open note take home exam (students claimed to have worked from 10 to 30 hours on the exam with the average being 16).
Jockeying for Position: A Replication of Ray and Grimes (1993) (60%)
Update the results of this paper using data from the 1999 season (jockey). Data is from the 2000 American Racing Manual and contains the Top 251 jockeys (238 males and 13 females).
Variables: last Jockey’s last name
fir Jockey’s first name
mi Jockey’s middle initial
born Year jockey was born
country Country of origin
sts Starts (both stakes and non-stakes)
win Total wins
place Total seconds (place)
show Total thirds (show)
purses Total purses in $
f =1 if female
a =1 if apprentice
stk number of stake events
Recreate Table 1 and 2 using your results. Be careful to use the exact same variable definitions and techniques as Ray and Grimes. Discuss your results versus those Ray and Grimes, focusing on differences in the two tables and the estimates presented on pages 56-59. Your answer will be in the form of short paper (3-4 pages & 2 tables, perhaps entitled “Gender Discrimination Among Jockeys: A Reinterpretation”) with three sections. The Introduction should summarize Ray and Grimes’s paper, discuss the new dataset and refer to Table 1 with comparisons between papers. The Empirical Results section should replicate Table 2 and compare and contrast results with Ray and Grimes. The paper should close with a Conclusion section.
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