Prof Kenneth Benoit Col.8.11

This course is available on the MSc in Management, MSc in Management (CEMS MIM), MSc in Management (MiM Exchange), MSc in Political Science and Political Economy and MSc in Social Research Methods. This course is available with permission as an outside option to students on other programmes where regulations permit.

The course is also available to research students as MY559.

Students must have completed Applied Regression Analysis (MY452).

The course surveys methods for systematically extracting quantitative information from text for social scientific purposes, starting with classical content analysis and dictionary-based methods, to classification methods, and state-of-the-art scaling methods and topic models for estimating quantities from text using statistical techniques. The course lays a theoretical foundation for text analysis but mainly takes a very practical and applied approach, so that students learn how to apply these methods in actual research. The common focus across all methods is that they can be reduced to a three-step process: first, identifying texts and units of texts for analysis; second, extracting from the texts quantitatively measured features - such as coded content categories, word counts, word types, dictionary counts, or parts of speech - and converting these into a quantitative matrix; and third, using quantitative or statistical methods to analyse this matrix in order to generate inferences about the texts or their authors. The course systematically surveys these methods in a logical progression, with a practical, hands-on approach where each technique will be applied using appropriate software to real texts.

Lectures, class exercises and homework will be based on the use of the R statistical software package but will assume no background knowledge of that language.

20 hours of lectures and 10 hours of computer workshops in the LT.

Exercises from the computer classes can be submitted for marking.

Benoit, Kenneth and Paul Nulty. Quantitative Text Analysis Using R. (in progress). http://kbenoit.github.io/quanteda/

Grimmer, Justin and Brandon M. Stewart. 2013. “Text as Data: The Promise and Pitfalls of Automatic Content Analysis Methods for Political Texts.” Political Analysis 21(3):267–297.

Loughran, Tim and Bill McDonald. 2011. “When Is a Liability Not a Liability? Textual Analysis, Dictionaries, and 10-Ks.” The Journal of Finance 66(1, February): 35–65.

Evans, Michael, Wayne McIntosh, Jimmy Lin and Cynthia Cates. 2007. “Recounting the Courts? Applying Automated Content Analysis to Enhance Empirical Legal Research.” Journal of Empirical Legal Studies 4(4, December):1007–1039.

Project (40%, 3000 words) and coursework (60%, 2000 words) in the ST.