The Hierarchy of Empirical Evidence in Finance
提出一个实证证据的层级体系，认为不同观察类型在检验因果主张时具有不同的科学权重，旨在推动金融经济学超越当前的现象学阶段。
Recent progress in causal inference has opened a path, however difficult, for advancing financial economics beyond its current phenomenological stage. This article proposes a hierarchy of empirical evidence, recognizing that not all types of observations have the same scientific weight, in the sense of enabling the falsification of causal claims.