Introduction to Instrumental Variables (IV)
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YouTubeMarginal Revolution University
Introduction to Instrumental Variables (IV)
MIT's Josh Angrist introduces one of econometrics most powerful tools: instrumental variables. Instrumental variables (IV, for those in the know), allow masters of econometrics to draw convincing causal conclusions when a treatment of interest is incompletely or imperfectly randomized. For example, arguments over American school quality often ...
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