Open Thoughts on Analytics
NOV 15, 2011 8:40am ET

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Counterfactuals, Difference-in-Differences, Propensities and Treatment Evaluation

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I received an email on my recent “Econometrics vs. Statistics” blog from an old friend early last week. We've always had a feisty relationship, so I was a bit surprised when he noted basic agreement with what I'd written. He also reminded me of a book we both purchased and discussed a few years back, “Microeconometrics, Methods and Applications,” by Cameron and Trivedi, that's become the go-to reference for many techniques of the “new” econometrics.

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Comments (1)
You can never know to what extent you have accounted for the confounding factors, otherwise, there is no need for randomized control trials.
Posted by W C | Tuesday, November 15 2011 at 12:24PM ET
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