Kaushik Mitra (2004) Is more data better?.
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Conventional wisdom usually suggests that agents should use all the data they have to make the best possible prediction. In this paper, it is shown that agents may make better predictions by discarding old data if their model is mis-specified. The applicability of the results to some economic models is also demonstrated.
This is a Accepted version This version's date is: 2004 This item is not peer reviewed
https://repository.royalholloway.ac.uk/items/e318e344-9a85-1250-6abc-a2638de3c4dc/1/
Deposited by Leanne Workman (UXYL007) on 16-Oct-2012 in Royal Holloway Research Online.Last modified on 16-Oct-2012
©2004 Kaushik Mitra. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit including © notice, is given to the source.