00000cam a22000004i 4500 UP-99796217612712831 Buklod 20180327153142.0 m |o d | ta 180327s2015 xx d r |||| u| 9780691152844 (paperback) (iLib)UPD-00360916429 DLC DSTC rda eng DMLUC HB 139 A527 2015 Angrist, Joshua David author. Mastering 'metrics the path from cause to effect Joshua D. Angrist, Jörn-Steffen Pischke. Princeton ; Oxford Princeton University Press [2015] xv, 282 pages illustrations 22 cm text rdacontent unmediated rdamedia volume rdacarrier Includes bibliographical references (pages 249-268) and index. 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. Econometrics. Pischke, Jörn-Steffen author. FO UPD DECON HB 139 A527 2015 UPD DSTC HB 139 A54 2015 Book