Answers are grounded in this paper and cite their sources.
Several themes which are common to both econometrics and psychometrics are surveyed. The themes are illustrated by reference to permanent income hypotheses, simultaneous equation models, adaptive expectations and partial adjustment schemes, and by reference to test score theory, factor analysis, and time-series models.
No takes yet. Share an insight, caveat, or question.
Arthur S. Goldberger (1971) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: