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040 _aIIITD
082 0 0 _a330.01
_bANG-M
100 1 _aAngrist, Joshua D.
245 1 0 _aMastering 'metrics :
_bthe path from cause to effect
_cby Joshua D. Angrist and Jorn-Steffen Pischke
260 _aNew Jersey :
_bPrinceton University Press,
_c©2015
300 _axv, 282 p. :
_bill. ;
_c22 cm.
500 _aIncludes index.
505 _t1. Randomized trials
505 _t2. Regression
505 _t3. Instrumental variables
505 _t4. Regression discontinuity designs
505 _t5. Differences-in-differences
505 _t6. The wages of schooling
520 _a"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 "--
650 0 _aEconometrics
650 7 _aBusiness & Economics
700 1 _aPischke, Jorn-Steffen
942 _2ddc
_cBK
999 _c190133
_d190133