Econometric Game 2014
The Econometric Game 2014 took place from the 15th until the 17th of April 2014.
The first day
All the participants were welcomed at Pathe Tuschinski in Amsterdam. During the opening the topic of the Econometric Game was announced and the case maker elucidated the topic. Moreover, there were a few speakers who talked about the topic and the social relevance of the event. After the initiation, all the teams went to the University of Amsterdam were they worked for the next three days. The first day was all about gathering information of the topic by reading many papers because the data set was not available until the second day. By the end of the day the participants were invited for dinner at Café Vrienden. After diner, most of the participants went back to hotel Lancaster to do some more research.
The second day
At nine o’clock sharp the data set and the content of the case was presented at the University of Amsterdam. That is when the Game really started! The participants had until 6 pm to work on the case. By then they had to present their results in the form of a paper. The evening programme existed of a common diner at restaurant Bazar followed by drinks at Café Heeren van Aemstel. At midnight the ten finalists were announced, after which they went back to hotel Lancaster. The participants that didn’t make it to the final ten stayed at the café and socialized with the rest that stayed.
The final day
During the last day the ten finalists were presented with a new part of the case for them to work on. The teams who didn’t make it to the finals went sightseeing in Amsterdam, with the option of a guided tour from our committee. For the first time in the history of the Econometric Game a seperate smaller case was specially made for bachelor and master students of the VSAE, the so called VSAE Case. This case was based on the case that the participants were given on the second day. The participants of the VSAE Case presented their results in front of the jury and the other participants at Comedy Theater de Nes, followed by the finalists of the Econometric Game 2014 who presented their results at 6 pm. Just like the previous days there was be a diner, this time held at restaurant The Tara. After the dinner the participants were joined by members of VSAE for drinks at Werck. Meanwhile the jury was busy discussing who was going to become the winner of the Econometric Game 2014 edition. Once the jury came to an agreement they joined the participants at Werck an annouched the winner. This was the end of the Econometric Game 2014 and the celebrations could begin.
Every three years, Indonesia holds a national household survey (repeated cross section) that collects data on wealth of household characteristics and expenditure. The survey is called the Susenas. The gathered expenditure data form the basis of welfare statistics, including those on poverty. The expenditure data however is costly to collect. The full expenditure module requires households to answer around 600 questions on their expenditure, a time consuming task, conducted by goverment workers.
In the Econometric Game 2014, the participants had the objective to predict poverty statistics using variables that are easier to collect. There variables were for example background variables for a household and aggregated consumption data per household. By creating and correctly estimating a fitting model for this, it is in theoreticalley possible to create proverty statistics in a less expensive and faster way. With such a model less money is needed for collecting and more money is available for fighting poverty.
Description of the case:
Econometric Game 2014 – Case A
Casemaker and jury
The case maker in 2014 was prof. dr. Menno Pradhan.
Menno Pradhan is a Professor of Project and Program Evaluation for International Development at the VU University Amsterdam and University of Amsterdam in the Netherlands. His research focuses on impact evaluation of health and education interventions in developing countries. He holds a PhD from Tilburg University, and has since then worked at the VU University Amsterdam, Cornell University and the World Bank in Jakarta. He has investigated the effects of health insurance, social funds, teacher training and early childhood development interventions on human development outcomes. He also has investigated poverty more broadly, by including dimension such as subjective poverty, health inequality and conflict.
The jury for the Econometric Game 2014 consisted of dhr. dr. M. Bun, prof. dr. C. Elbers, dr. C. Heij. The casemaker was also part of the jury.
Maurice Bun is an associate professor of econometrics at the University of Amsterdam and a research fellow at the Tinbergen Institute. His main research interests are on panel data, weak identification issues, trade flows and local economic development.
Professor Chris Elbers is the Desmond Tutu Chair Holder of the Faculty of Economics and Business Administration. He studied econometrics and mathematical economics at the University of Amsterdam in The Netherlands and obtained his doctoral degree from the VU University of Amsterdam. From 1984 he is a member of the Development Research Group in the Economics department at the VU University and as of 1994, he has been associate professor at the same university. The Development Research Group focuses on applied microeconomic research in developing countries, in particular countries in Sub-Sahara Africa. His main research activities are in the fields of poverty measurement, risk and investment, and impact evaluation
Christiaan Heij is an assistant professor in statistics and econometrics at the Econometric Institute at the Erasmus University in Rotterdam. His research and lecturing activities are focused on econometrics and on statistical methods in economics and business. Some of his more recent research activities are in macroeconomic forecasting, prediction and planning of surgical procedure times, maritime safety, and spare part demand forecasting. He is co-author of the book “Econometric Methods with Applications in Business and Economics” (Oxford University Press) and he is chairman of the educational board (“Opleidingscommissie”) for econometrics and operations research.
The top 3 of the Econometric Game 2014 was:
- University of Copenhagen
- University of Bristol
- Aarhus University and University of Amsterdam
We are working on publishing their findings.
Kees is the chairman of the Econometric Game 2014 committee. He is currently doing a master in Econometrics at the University of Amsterdam. He worked at a sustainable start-up company, True Price, where he quantified ecological and social cost of production in his effort for a better world. In 2011 he joined Jan-Willem Le Grand in his research to the pathway development of small villages in Bolivia.
Joppe Arnold is a fourth-year student Econometrics and Operational Research, who is currently writing his Bsc-thesis. He is 21 years old and is also the chairman a Christian student fraternity. In his free time he likes to cycle around, drink some beers with friends and watch movies and documentaries (and darts). Within the committee, he is responsible for the contact with jury and casemaker.
My name is Laura Menting, I’m a 20 years old student in Amsterdam. I’m currently in the third year of my Bsc econometrics at the University of Amsterdam. I enjoy my life as a student in Amsterdam. In this committee I’m responsible for the facilities such as the restaurants and the hotel. I look forward to three amazing days and I wish you a great time in Amsterdam! Good luck!
I’m a 22 year old. This year I’m going to finish my Bachelor in Ecometrics with a minor in programming, which became one of my hobbies as well. In the committee it is my job to have contact with the university. Being part of this committee in the past year has really been a exciting experience and by the time you read this text in the booklet, I hope you can see and enjoy the result of our hard work.
Nikki van OmmerenUniversities
My name is Glenn Taylor, I am 22 years old, External Affairs of study association VSAE. First I was responsable for the acquisition of the Econometric Game and later on became the coordinator when I joined the board of the VSAE. The EGhas always been the most prestigious event for our study association and I am thrilled of being part of this year’s edition. I hope you all have an amazing three days.
My name is Susanna Teulings, I’m 23 years old. In the past year I was on the board of the VSAE, where one of my responsibilities was the organisation of the Econometric Game. Since februari I have resumed with my master econometrics, but I am still involved with the organisation of the EG. In my spare time I also like to cook and going out to dinner.
Rozemarijn VeldhuisWebsite & Media
I’m very excited to organise the Econometric Game. For a year we have worked on the organization of such a big international event! I’m responsible for the website and media. A whole new design for the website is launched. At the moment I’m finishing my bachelor in Econometrics. In my free time I love to play soccer. Hope you’ll all have a unforgettable expierence this three days. Have fun!