Econ 251 Problem Set #8 SOLUTIONS | Download for quality grades |
Document Content and Description Below
This problem set introduces you to random experiments and instrumental variable estimation. Instructions: Following each question, please handwrite or type your answers and copy/paste the STATA ... output (please, use the ‘copy as picture’ option). Part I Random experiments A. Conceptual questions (Based on Stock&Watson - Introduction to Econometrics) For this part STATA is not needed 1. How would you design a hypothetical random experiment to study the effect of hours of study per day on students’ performance on calculus exams in college? Would you obtain a consistent estimate of the effect you are after from this experiment? Explain. Suggest some potential problems and setback in implementing such an experiment in practice. 2. How would you design a hypothetical random experiment to study the effect of wearing a mandatory seatbelt laws on highway traffic fatalities? Would you obtain a consistent estimat [Show More]
Last updated: 2 years ago
Preview 1 out of 16 pages
Buy this document to get the full access instantly
Instant Download Access after purchase
Buy NowInstant download
We Accept:
Reviews( 0 )
$8.00
Can't find what you want? Try our AI powered Search
Document information
Connected school, study & course
About the document
Uploaded On
Apr 04, 2023
Number of pages
16
Written in
All
Additional information
This document has been written for:
Uploaded
Apr 04, 2023
Downloads
0
Views
125
