Joshua Angrist on Econometrics and Causation
EconTalk
00:00
The Effects of Conditional Admissions on Earnings
Conditional on where people were admitted, they do about equally well. Conditional on that, it looks like a good experiment in the sense that people who went to different sorts of schools have similar family backgrounds and they have similar measures of ability. Of course, it isn't really a randomized trial, but we can tell that it looks very well controlled because we can see that after appropriate conditioning.
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