I teach the second-year PhD research seminar in the Department, and it’s that time of year again when students have to submit a draft of their second-year paper. In case you are not familiar with a second-year paper, it is essentially the widespread practice in applied economics and economics department of having students who are done with their first-year courses to write an entire publishable paper from start to finish.
As such, teaching the second-year paper involves reading a lot of drafts. One of the drafts I read last week did something that always baffles when I see it. This might be a simple question whose answer is obvious, so bear with me, but the practice is so common that I thought I would ask readers whether it is me who is missing something. The practice is as follows (note that I am positing all this for observational data, not experimental data):

