Mostly Harmless Econometrics by Joshua D. Angrist

Instrumental Variables in Action: Sometimes You Get What You Needĥ. The applied econometric methods emphasized in this book are easy to use and relevant for many areas of contemporary social science.Īn irreverent review of econometric essentialsĪ focus on tools that applied researchers use mostĬhapters on regression-discontinuity designs, quantile regression, and standard errorsĪ clear and concise resource with wide applications Joshua Angrist and Jörn-Steffen Pischke explain why fancier econometric techniques are typically unnecessary and even dangerous. In addition to econometric essentials, Mostly Harmless Econometrics covers important new extensions - regression-discontinuity designs and quantile regression - as well as how to get standard errors right. In the modern experimentalist paradigm, these techniques address clear causal questions such as: Do smaller classes increase learning? Should wife batterers be arrested? How much does education raise wages? Mostly Harmless Econometrics shows how the basic tools of applied econometrics allow the data to speak. The core methods in today’s econometric toolkit are linear regression for statistical control, instrumental variables methods for the analysis of natural experiments, and differences-in-differences methods that exploit policy changes.

Winner of the 2018 (Second) Eugene Fama Prize for Outstanding Contributions to Doctoral Education, University of Chicago Booth School of Business Overview

Mostly Harmless Econometrics: An Empiricist's Companion

Mostly Harmless Econometrics by Joshua D. Angrist