Halbert White interviewed by SignOnSanDiego for his lifelong work in economics
WASHINGTON, D.C., October 19, 2011—SignOnSanDiego (the website of the San Diego Union-Tribune) published a video and article that discusses why Bates White Founder and University of California, San Diego Economics Professor Halbert White was a contender for this year’s Nobel Prize in Economics. In the article, Dr. White describes how his work has helped economists determine if the assumptions used to build their models are reliable.
Specifically, Dr. White is known within the economics community for the statistical test that bears his name, the “White Test.” His 1980 paper that gave rise to the White Test (which also happens to be the most widely cited academic paper of the last 40 years) is just one of the first in a series of ground-breaking papers that tackle a fundamental problem in economics known as “model specification error.”
Throughout his career, Dr. White has set new research standards, influencing a broad range of economic disciplines, and developing innovative approaches to econometric methods, statistics, and modeling. His contributions have been cited in the major journals in economics, finance, statistics, and also engineering where he has published ground-breaking work in the field of artificial neural networks and machine learning.
Dr. White joined the University of California, San Diego, in 1979 and has more than 30 years of academic and consulting experience. He founded Bates White Economic Consulting with Charles Bates in 1999. Since that time, he has established himself as a prominent testifying expert on damages. He has worked closely with legal and corporate clients on a wide variety of issues to provide both expert testimony and senior-level guidance.