Dinner Meeting: April 2000


Presenters: Larry Hotchkiss
University of Delaware

David Kaplan
University of Delaware

Polina Harik
National Board of Medical Examiners
 

Topic: Stability and Equilibrium in Structural Equation Models

Abstract:

In most social research and much medical/biological work, controlled experiments are not feasible. This constraint has stimulated development of analytic methods for teasing out "cause-and-effect" relationships in the absence of experiments.

Most of the work in structural modeling does not incorporate explicitly time into the models, and neither do many discussions of causation. In fact, most empirical work using the structural-equation framework is done with cross-sectional data. One way to view a system of cross-sectional structural equations is through the lens of a dynamic system in equilibrium. From the vantagepoint of a set of linear difference or differential equations, cross-sectional estimation of structural equations generates inconsistent parameter estimates. The bias is most troubling when the system is not in equilibrium at the time the date were collected.

This presentation reports the results of simulations designed to assess the impacts on parameter estimates of using cross-sectional data obtained when the dynamic system was still in flux. We find that the cross-sectional estimates depend greatly on the point in the time path when the system is measured and whether the time path to equilibrium is monotonic or oscillatory.

Date:

Thursday, April 13, 2000
 
Time:

Social hour -- 6:00 pm
Dinner -- 6:30 pm
Speaker -- 7:15 pm
 
Place:

Newark Holiday Inn
Oliver's Restaurant
 
Menu:

Appetizer: V-8 juice
Salad: Tossed salad
Entree: Stuffed shrimp over rice pilaf,  Vegetables du jour
Dessert: Pear belle Helene
 
Cost:

$20 for members, $5 for students

Reservations to Jane Buck by noon, Monday, April 10, 2000.
410-885-3117,  buck@count.com

Please note: Be sure to RSVP by this date, to assure a meal is reserved for you.

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