Good Review

Good Review

Frank Diebold , on Mostly Harmless Econometrics:
All told , Mostly Harmless Econometrics: An Empiricist's Companion is neither "mostly harmless" nor an "empiricist's companion." Rather , it's a companion for a highly-specialized group of applied non-structural micro-econometricians hoping to estimate causal effects using non-experimental data and largely-static , linear , regression-based methods. It's a novel treatment of that sub-sub-sub-area of applied econometrics , but pretending to be anything more is most definitely harmful , particularly to students , who have no way to recognize the charade as a charade.
Disclaimer , I haven't read the book. The  quote does summarize feelings I have had in many seminars involving difference in difference in difference regressions with 100 fixed effects and controls. But mostly I post it as a lovely quote.

Share this:

Disqus Comments