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S6E10 Instrumental Variables (Dad)Rock!

Quantitude

CHAPTER

Complexities of Causal Inference

This chapter explores the intricate relationship between military service and future salaries, emphasizing the challenges of studying causal effects. Through humorous anecdotes and thoughtful discussions, the hosts highlight the difficulties of accounting for various influencing factors in research. The conversation also delves into the concept of instrumental variables, illustrating how random assignment and social inequities complicate the understanding of causal relationships in both military and educational contexts.

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