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P-hacking, Reproducibility & the Nobel Prize: Guido Imbens (#269)

Into the Impossible With Brian Keating

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What's the Demand?

The question was, what is there that changes supply but doesn't change how much people are going to demand at a particular price? And so one of the economists came up with a very nice solution. She looked at weather conditions at sea and things like wave height. So if there's a lot of waves, if it's very choppy, it's just going to be hard for people to catch the fish. More dangerous out there. If it's stormy, they're just not going to bring as much fish on shore. It's an affect supply side.

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