Econometric Methods and Reichenbach's Principle

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  • Econometric Methods and Reichenbach's Principle Book Detail

  • Author : Seán Mfundza Muller
  • Release Date : 2012
  • Publisher :
  • Genre : Causation
  • Pages : 43
  • ISBN 13 : 9781920517267
  • File Size : 94,94 MB

Econometric Methods and Reichenbach's Principle by Seán Mfundza Muller PDF Summary

Book Description: "Reichenbach's 'principle of the common cause' is a foundational assumption of some important recent contributions to quantitative social science methodology but no similar principle appears in econometrics. Reiss (2005) has argued that the principle is necessary for instrumental variables methods in econometrics, and Pearl (2009) builds a framework using it that he proposes as a means of resolving an important methodological dispute among econometricians. We aim to show, through analysis of the main problem instrumental variables methods are used to resolve, that the relationship of the principle to econometric methods is more nuanced than implied by previous work, but nevertheless may make a valuable contribution to the coherence and validity of existing methods"--p. 1.

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'A textbook which emphasises clarity of exposition and simplification of the mathematical presentation of topics. Assumes only college algebra and introductory