Econometrics
please watch the video, and answer the question.
http://www.ted.com/talks/steven_levitt_analyzes_cr…
Below is prompt of assignment.
Try to think like Steven Levitt, and propose an interesting econometric question and a related experimental design for deriving those answers in this discussion board. Be ideal, the sky is the limit! Don’t worry about ethical or cost considerations. Do worry about whether the identification strategy is sound, that is, make sure the explanation of Y is best derived from one and only one X (you can hold other variables constant by identifying them as control variables). This is not the place for pragmatism. Your project is! This is the time to use that imagination, stretch the bounds of your critical thinking, and really show me you’re engaging with the material. This being said, don’t be irrational or unrealistic. This still must be an economic question that could plausibly (if there were no cost or ethical considerations) be undertaken by an applied economist.
364 Words
APA