Joshua Angrist – Econometrics Is the Original Data Science




  • economics undergrads whohave good training and econometricscompanies like amazon and googleand facebook and tripadvisor theyare looking for people who can do somestatistics but a lot of the questionsthat theyare interested in are causal questionswhat will be the consequences ofchanging prices for exampleor changing marketing strategies andthese companies have discovered that the best training for thatis undergraduate economics oreconometrics thatwe really specialize in causalityin a way that regular data science doesnoti think we have some unique skillssomebody whotrains in data science may learn a lotabout machine learning but won’tnecessarilylearn about for example instrumentalvariablesor regression discontinuity methods andthose turn out to be very useful (View Highlight)