9780691152844-0691152845-Mastering 'Metrics: The Path from Cause to Effect

Mastering 'Metrics: The Path from Cause to Effect

ISBN-13: 9780691152844
ISBN-10: 0691152845
Edition: with French flaps
Author: Joshua D. Angrist, Jörn-Steffen Pischke
Publication date: 2014
Publisher: Princeton University Press
Format: Paperback 304 pages
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Book details

ISBN-13: 9780691152844
ISBN-10: 0691152845
Edition: with French flaps
Author: Joshua D. Angrist, Jörn-Steffen Pischke
Publication date: 2014
Publisher: Princeton University Press
Format: Paperback 304 pages

Summary

Acknowledged authors Joshua D. Angrist , Jörn-Steffen Pischke wrote Mastering 'Metrics: The Path from Cause to Effect comprising 304 pages back in 2014. Textbook and eTextbook are published under ISBN 0691152845 and 9780691152844. Since then Mastering 'Metrics: The Path from Cause to Effect textbook was available to sell back to BooksRun online for the top buyback price of $ 12.00 or rent at the marketplace.

Description

An accessible and fun guide to the essential tools of econometric research

Applied econometrics, known to aficionados as 'metrics, is the original data science. 'Metrics encompasses the statistical methods economists use to untangle cause and effect in human affairs. Through accessible discussion and with a dose of kung fu–themed humor, Mastering 'Metrics presents the essential tools of econometric research and demonstrates why econometrics is exciting and useful.

The five most valuable econometric methods, or what the authors call the Furious Five--random assignment, regression, instrumental variables, regression discontinuity designs, and differences in differences--are illustrated through well-crafted real-world examples (vetted for awesomeness by Kung Fu Panda's Jade Palace). Does health insurance make you healthier? Randomized experiments provide answers. Are expensive private colleges and selective public high schools better than more pedestrian institutions? Regression analysis and a regression discontinuity design reveal the surprising truth. When private banks teeter, and depositors take their money and run, should central banks step in to save them? Differences-in-differences analysis of a Depression-era banking crisis offers a response. Could arresting O. J. Simpson have saved his ex-wife's life? Instrumental variables methods instruct law enforcement authorities in how best to respond to domestic abuse.

Wielding econometric tools with skill and confidence, Mastering 'Metrics uses data and statistics to illuminate the path from cause to effect.

  • Shows why econometrics is important
  • Explains econometric research through humorous and accessible discussion
  • Outlines empirical methods central to modern econometric practice
  • Works through interesting and relevant real-world examples
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