Description
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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Details
Are you ready to take your understanding of economics to the next level? Look no further than "Mastering 'Metrics: The Path from Cause to Effect." Written by Nobel Prize winner Joshua Angrist and Jörn-Steffen Pischke, this accessible and fun guide will unlock the secrets of econometric research for you. Discover how econometrics, the original data science, can untangle cause and effect in human affairs using statistical methods. With real-world examples vetted by Kung Fu Panda's Jade Palace, this book will show you the five most valuable econometric methods - random assignment, regression, instrumental variables, regression discontinuity designs, and differences in differences. Whether you're interested in understanding the impact of health insurance, the effectiveness of private colleges, or the role of central banks in financial crises, "Mastering 'Metrics" will provide you with the tools and knowledge you need.
If you've ever wondered why econometrics matters or how it can shape our understanding of the world, this book is for you. It takes complex ideas and makes them accessible through humorous and engaging discussions. No more boring textbooks or confusing jargon - "Mastering 'Metrics" will guide you through the ins and outs of econometric research in a way that is both informative and entertaining. Plus, with its focus on real-world examples, you'll see firsthand how these methods can be applied to answer important questions and reveal surprising truths. Don't miss out on this opportunity to become a master of 'metrics - get your copy today and start your journey towards understanding the path from cause to effect.
Ready to dive into the exciting world of econometric research? Get your copy of "Mastering 'Metrics: The Path from Cause to Effect" now and embark on a journey that will transform your understanding of economics. With its emphasis on empirical methods, this book will equip you with the skills and knowledge you need to analyze data, interpret statistics, and draw meaningful conclusions. Whether you're a student, researcher, or simply curious about how data and statistics can help us navigate the complexities of the world, "Mastering 'Metrics" is the perfect companion. Don't miss out - click here to order your copy today.
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