

Cause and effect – or why the 2021 Nobel Prize is nothing less than an empirical revolution | with Paul Hünermund
Nov 23, 2021
Paul Hünermund, assistant professor of Strategy and Innovation, discusses why the Nobel Prize in Economics was awarded to David Card, Joshua Angrist, and Guido Imbens. They explore the revolutionary framework of natural experiments and the practical implications of their research in labor markets, education, and business decision-making. The podcast also delves into the role of machine learning in causal analysis and invites feedback and subscription.
Chapters
Transcript
Episode notes
1 2 3 4 5
Introduction
00:00 • 3min
Exploring the Concept of Natural Experiments
03:12 • 2min
Exploring Natural Experiments and the Case Study of a Minimum Wage Increase
04:49 • 2min
Honoring Contributions and Revolutionary Framework
06:40 • 14min
The Role of Machine Learning in Causal Analysis
20:48 • 2min