It's mentioned in the abstract: 'We deal with the potential endogeneity of the decision of how many hours to work by using the instrumental variable estimation technique.'
Essentially they use 'instruments' which are just other variables to control for this issue. Page 7 has the variables that they're using.
How'd you go with wrapping the websocket client in R? I've been putting together an R client and am stuck on how to do the websocket given the lack of R websocket libraries.
This is essentially how the 457 visa works in Australia. It's uncapped but you have to pay a 'market salary rate', which is either the salary of an equivalent worker in the firm, or of an equivalent worker In the industry.
This is the same economic problem that affects basic research. Open source software is a 'public good' - its usefulness is not diminished when it is used by others, and you can't prevent others from using it.
The longstanding solution to this problem is government support. This might not be a sexy solution on HN, but it is the obvious one.
The problem with cabs is the information asymmetry. You dot know before you're getting in how good their knowledge is, this means that knowledgeable drivers can't charge more and you get a 'market of lemons'. This is a classic form of market failure, and is a strong case for regulation.
Since this book is meant to provide practical advice, I think it makes sense to write with the assumption of Python 2. Specifically, I’ll be writing the book with Python 2.7 in mind. Future updates may very well change this to evolve with the Flask community, but for now 2.7 is where we stand.
Cheers Andrew - both Bill Shorten and Chris Bowen have flagged re-examining our position on employee share schemes. I'll add your voice to many that I've received on this issue.
Hey thanks for taking the time to write such a detailed comment, it's not my job to publicly defend the ALP so I'll just note your views/criticisms but I think the libraries idea is a good one.
Well this is an area where I can safely say we're going to have a more attractive policy than our opponents. Our office in Braddon ACT is one block away from the NBN, it's frustrating.