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Mastering 'Metrics: The Path from Cause to Effect

(Paperback, with French flaps)


Publishing Details

Full Title:

Mastering 'Metrics: The Path from Cause to Effect

Contributors:

By (Author) Joshua D. Angrist
By (author) Jrn-Steffen Pischke

ISBN:

9780691152844

Publisher:

Princeton University Press

Imprint:

Princeton University Press

Publication Date:

3rd March 2015

Edition:

with French flaps

Country:

United States

Classifications

Readership:

Tertiary Education

Fiction/Non-fiction:

Non Fiction

Dewey:

330.015195

Physical Properties

Physical Format:

Paperback

Number of Pages:

304

Dimensions:

Width 140mm, Height 216mm

Weight:

340g

Description

**From Joshua Angrist, winner of the Nobel Prize in Economics 2021, and Jrn-Steffen Pischke, 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 futhemed 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 Fiverandom assignment, regression, instrumental variables, regression discontinuity designs, and differences in differencesare illustrated through well-crafted real-world examples (vetted for awesomeness by Kung Fu Pandas 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-wifes 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 isimportant

  • Explains econometric research through humorous and accessiblediscussion

  • Outlines empirical methods central to modern econometricpractice

  • Works through interesting and relevant real-worldexamples

Reviews

"I would be hard pressed to name another econometrics book that can be read for enjoyment yet provides useful quantitative insights."--M.S.R., Financial Analysts Journal

Author Bio

Joshua D. Angrist is the Ford Professor of Economics at the Massachusetts Institute of Technology. Jorn-Steffen Pischke is professor of economics at the London School of Economics and Political Science. They are the authors of Mostly Harmless Econometrics (Princeton).

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