Applying discrete choice models to predict Academy Award winners

Summary.  Every year since 1928, the Academy of Motion Picture Arts and Sciences has recognized outstanding achievement in film with their prestigious Academy Award, or Oscar. Before the winners in various categories are announced, there is intense media and public interest in predicting who will come away from the awards ceremony with an Oscar statuette. There are no end of theories about which nominees are most likely to win, yet despite this there continue to be major surprises when the winners are announced. The paper frames the question of predicting the four major awards—picture, director, actor in a leading role and actress in a leading role—as a discrete choice problem. It is then possible to predict the winners in these four categories with a reasonable degree of success. The analysis also reveals which past results might be considered truly surprising—nominees with low estimated probability of winning who have overcome nominees who were strongly favoured to win.     

The Zellner Thesis Award in Business and Economic Statistics

We analyze the modifications that occur in indirect inference when a nuisance parameter is not identified under the null hypothesis. We develop a testing procedure adapted to this simulation-based estimation method, and detail its use for detecting the threshold effect in threshold moving average models with contemporaneous and lagged asymmetries. In contrast to existing threshold models, these models allow taking into account the presence of asymmetric effects of current and lagged random shocks. We use them to measure the persistence of shocks to U.S. output.     

Adjusting for centre heterogeneity in multicentre clinical trials with a time‒to‒event outcome

Conducting a clinical trial at multiple study centres raises the issue of whether and how to adjust for centre heterogeneity in the statistical analysis. In this paper, we address this issue for multicentre clinical trials with a time?to?event outcome. Based on simulations, we show that the current practice of ignoring centre heterogeneity can be seriously misleading, and we illustrate the performances of the frailty modelling approach over competing methods. A special attention is paid to the problem of misspecification of the frailty distribution. The appendix provides sample codes in R and in SAS to perform the analyses in this paper. Copyright © 2014 John Wiley & Sons, Ltd.