Credible Inference - Transparencies

Credible Inference - Transparencies - Credible Inference...

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Credible Inference Lecture for Economics 245A Douglas G. Steigerwald UC Santa Barbara September 2010 D. Steigerwald (UCSB) Credible Inference September 2010 1 / 9
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Regression Model y t = x 0 t β + u t β requires Cov ( x t , u t ) = 0 β ; causal e/ect of x on y D. Steigerwald (UCSB) Credible Inference September 2010 2 ± 9
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Cov ( x t , u t ) 6 = 0 measurement error x t is endogenous (omitted variables) statisticians±view of exogeneity treat x t modify: condition on x t D. Steigerwald (UCSB) Credible Inference September 2010 3 / 9
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measurement error assume measurement error is symmetric endogeneity instrument, uncorrelated with omitted variables treatment and control groups control for all omitted variables ) di/er only in treatment D. Steigerwald (UCSB) Credible Inference September 2010 4 ± 9
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Freedman 1991
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This note was uploaded on 12/26/2011 for the course ECON 245a taught by Professor Staff during the Fall '08 term at UCSB.

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Credible Inference - Transparencies - Credible Inference...

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