In their reply to our article, “Irrelevant Events and Voting Behavior,” Fowler and Montagnes reanalyze our replication study of college football’s effect on election outcomes. Although we agree with Fowler and Montagnes that the evidence supporting the irrelevant events hypothesis is weaker than earlier research suggested, they overstate this case. Philosophically, we disagree with Fowler and Montagnes’s preference for (1) running a plethora of tests rather than focusing on the most theoretically motivated tests and (2) privileging out-of-sample data over the full sample of available data. Empirically, we show that their claim that out-of-sample data weaken the original results depends on (1) an incorrect definition of out-of-sample years and (2) assigning two-thirds weight to the same hypothesis regarding heterogeneous effects. An amended version of Fowler and Montagnes’s analysis affirms our initial assessment: although the original finding was overstated, adding out-of-sample data strengthens it.
-
Faculty
- Academic Areas
- Awards & Honors
- Seminars
-
Conferences
- Accounting Summer Camp
- California Econometrics Conference
- California Quantitative Marketing PhD Conference
- California School Conference
- China India Insights Conference
- Homo economicus, Evolving
-
Initiative on Business and Environmental Sustainability
- Political Economics (2023–24)
- Scaling Geologic Storage of CO2 (2023–24)
- A Resilient Pacific: Building Connections, Envisioning Solutions
- Adaptation and Innovation
- Changing Climate
- Civil Society
- Climate Impact Summit
- Climate Science
- Corporate Carbon Disclosures
- Earth’s Seafloor
- Environmental Justice
- Finance
- Marketing
- Operations and Information Technology
- Organizations
- Sustainability Reporting and Control
- Taking the Pulse of the Planet
- Urban Infrastructure
- Watershed Restoration
- Junior Faculty Workshop on Financial Regulation and Banking
- Ken Singleton Celebration
- Marketing Camp
- Quantitative Marketing PhD Alumni Conference
- Rising Scholars Conference
- Theory and Inference in Accounting Research
- Voices
- Publications
- Books
- Working Papers
- Case Studies
-
Research Labs & Initiatives
- Cities, Housing & Society Lab
- Corporate Governance Research Initiative
- Corporations and Society Initiative
- Golub Capital Social Impact Lab
- Policy and Innovation Initiative
- Rapid Decarbonization Initiative
- Stanford Latino Entrepreneurship Initiative
- Value Chain Innovation Initiative
- Venture Capital Initiative
- Behavioral Lab
- Data, Analytics & Research Computing