Mastering 'metrics : the path from cause to effect
Language: English Publication details: Princeton University Press Princeton 2015Description: xv, 282pISBN:- 9780691152844
- 330.015195 An48m
Item type | Current library | Collection | Call number | Status | Date due | Barcode | Item holds | |
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PK Kelkar Library, IIT Kanpur | General Stacks | 330.015195 An48m (Browse shelf(Opens below)) | Checked out to Aditya Medury (E0603500) | 20/01/2025 | A185287 |
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330.015193 M429g Game theory and its applications | 330.015193 N397t60 Theory of games and economic behavior | 330.015193 V522E ECONOMICS AND THE THEORY OF GAMES | 330.015195 An48m Mastering 'metrics | 330.015195 AP58 APPLYING KERNEL AND NONPARAMETRIC ESTIMATION TO ECONOMIC TOPICS | 330.015195 Ap58 Applied econometric analysis using cross section and panel data | 330.015195 As82a Applied econometrics a modern approach using EViews and Microfit |
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.
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