Mastering `Metrics - The Path from Cause to Effect

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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Product Specification

Author
  • Joshua D. Angrist
  • Jörn-steffen Pischke
  • Jorn-steffen Pischke
Binding Paperback
Brand Penguin Random House
Ean 9780691152844
Ean List:Ean List Element 9780691152844
Edition with French flaps
Feature Princeton University Press
Isbn 0691152845
Item Dimensions:Height: Content 875
Item Dimensions:Height:Units hundredths-inches
Item Dimensions:Length: Content 575
Item Dimensions:Length:Units hundredths-inches
Item Dimensions:Weight: Content 75
Item Dimensions:Weight:Units hundredths-pounds
Item Dimensions:Width: Content 100
Item Dimensions:Width:Units hundredths-inches
Label Princeton University Press
Languages:Language
  • {"Name"=>"English", "Type"=>"Published"}
  • {"Name"=>"English", "Type"=>"Original Language"}
  • {"Name"=>"English", "Type"=>"Unknown"}
List Price:Amount 248900
List Price:Currency Code INR
List Price:Formatted Price INR 2,489.00
Manufacturer Princeton University Press
Mpn 9780691152844
Number Of Items 1
Number Of Pages 352
Package Dimensions:Height: Content 100
Package Dimensions:Height:Units hundredths-inches
Package Dimensions:Length: Content 850
Package Dimensions:Length:Units hundredths-inches
Package Dimensions:Weight: Content 80
Package Dimensions:Weight:Units hundredths-pounds
Package Dimensions:Width: Content 550
Package Dimensions:Width:Units hundredths-inches
Package Quantity 1
Part Number 9780691152844
Product Group Book
Product Type Name ABIS_BOOK
Publication Date 2015-01-30
Publisher Princeton University Press
Studio Princeton University Press
Title Mastering `Metrics - The Path from Cause to Effect

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