Mastering ’Metrics: The Path from Cause to Effect

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9780691152844: 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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From the Inside Flap:

"Written by true 'masters of 'metrics,' this book is perfect for those who wish to study this important subject. Using real-world examples and only elementary statistics, Angrist and Pischke convey the central methods of causal inference with clarity and wit."--Hal Varian, chief economist at Google

"With humor and rigor, this book explores key approaches in applied econometrics. The authors present accessible, interesting examples--using data-heavy figures and graphic-style comics--to teach practitioners the intuition and statistical understanding they need to become masters of 'metrics. A must-read for anyone using data to investigate questions of causality!"--Melissa S. Kearney, University of Maryland and the Brookings Institution

"This valuable book connects the dots between mathematical formulas, statistical methods, and real-world policy analysis. Reading it is like overhearing a conversation between two grumpy old men who happen to be economists--and I mean this in the best way possible."--Andrew Gelman, Columbia University

"Modern econometrics is more than just a set of statistical tools--causal inference in the social sciences requires a careful, inquisitive mindset. Mastering 'Metrics is an engaging, fun, and highly accessible guide to the paradigm of causal inference."--David Deming, Harvard University

"Few fields of statistical inquiry have seen faster progress over the last several decades than causal inference. With an engaging, insightful style, Angrist and Pischke catch readers up on five powerful methods in this area. If you seek to make causal inferences, or understand those made by others, you will want to read this book as soon as possible."--Gary King, Harvard University

"Posing several well-chosen empirical questions in social science, Mastering 'Metrics develops methods to provide the answers and applies them to interesting datasets. This book will motivate beginning students to understand econometrics, with an appreciation of its strengths and limits."--Gary Chamberlain, Harvard University

"Focusing on five econometric tools, Mastering 'Metrics presents key econometric concepts. Any field that uses statistical techniques to conduct causal inference will find this book useful."--Melvyn Weeks, University of Cambridge

From the Inside Flap:


"Focusing on five econometric tools, Mastering 'Metrics presents key econometric concepts. Any field that uses statistical techniques to conduct causal influence will find this book useful."--Melvyn Weeks, University of Cambridge


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Joshua David Angrist, Jörn-Steffen Pischke
Editorial: Princeton University Press, United States (2014)
ISBN 10: 0691152845 ISBN 13: 9780691152844
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Descripción Princeton University Press, United States, 2014. Paperback. Estado de conservación: New. Language: English . Brand New Book. 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. Nº de ref. de la librería AAU9780691152844

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Descripción Princeton Univ Pr, 2014. PAP. Estado de conservación: New. New Book. Shipped from US within 10 to 14 business days. Established seller since 2000. Nº de ref. de la librería KB-9780691152844

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Joshua David Angrist, Jörn-Steffen Pischke
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Descripción Princeton University Press, United States, 2014. Paperback. Estado de conservación: New. Language: English . Brand New Book. 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. Nº de ref. de la librería AAU9780691152844

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Descripción Princeton Univ Pr, 2014. PAP. Estado de conservación: New. New Book.Shipped from US within 10 to 14 business days. Established seller since 2000. Nº de ref. de la librería IB-9780691152844

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Descripción The University Press Group Ltd, 2014. Estado de conservación: New. Num Pages: 304 pages, illustrations. BIC Classification: KCH. Category: (P) Professional & Vocational. Dimension: 216 x 139 x 19. Weight in Grams: 372. . 2014. Paperback. . . . . . Nº de ref. de la librería V9780691152844

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Descripción Princeton University Press, 2014. Paperback. Estado de conservación: New. book. Nº de ref. de la librería M0691152845

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Descripción The University Press Group Ltd. Estado de conservación: New. Num Pages: 304 pages, illustrations. BIC Classification: KCH. Category: (P) Professional & Vocational. Dimension: 216 x 139 x 19. Weight in Grams: 372. . 2014. Paperback. . . . . Books ship from the US and Ireland. Nº de ref. de la librería V9780691152844

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