Selection Bias: Will You Make More Going to a Private University?

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  • เผยแพร่เมื่อ 26 มิ.ย. 2024
  • MIT’s Josh Angrist returns from his mountaintop meditation to guide us in our next econometrics lesson: selection bias! Graduates of private universities make 14% more than graduates of public universities. Does that mean attending a private universities causes your wages to go up? In this video, Master Joshway shows how randomized trials and regression can be used to address this question.
    Think econometrics is boring? So it was once, but will be no more! Skipping theoretical tedium, we use real empirical questions to bring the numbers to life. Does an expensive private university education pay off with higher earnings? Does health insurance really make you healthier? Does legal drinking cost lives?
    Try out our practice questions: bit.ly/35dYv7p
    Econometrics test bank: mru.io/sgh
    See the full course outline: bit.ly/2KCxDGp
    More from Marginal Revolution University: bit.ly/2rayZ41

ความคิดเห็น • 37

  • @koreanopride
    @koreanopride 3 ปีที่แล้ว +50

    It is indescribable how grateful we are to the entire team that made these videos available to the entire public. Thank you so much.

  • @BOKRalavac
    @BOKRalavac 7 หลายเดือนก่อน +2

    This is actually one of the most valuable series on youtube imo

  • @chukaezeoguine246
    @chukaezeoguine246 2 ปีที่แล้ว +15

    This is my prof…I love his energy in class!

  • @LeoDimasCasco
    @LeoDimasCasco 4 ปีที่แล้ว +26

    Thank you for this new episode! I was looking foward this. Please do not delay the next one ;)

  • @anmol8024
    @anmol8024 4 ปีที่แล้ว +10

    OH video is made in a great way. It looks so good. Easy to understand

  • @entivreality
    @entivreality 4 ปีที่แล้ว +6

    So excited for the next one :)

  • @TheBIGJake111
    @TheBIGJake111 4 ปีที่แล้ว +4

    Great work! great format.

  • @hithesh7665
    @hithesh7665 4 ปีที่แล้ว +2

    Amazing! Are you guys making the next video? It's been quite a while since the upload. Waiting anxiously!

  • @alassanndiallo
    @alassanndiallo 3 ปีที่แล้ว

    Thanks to Joshua Angrist and his team.

  • @play-ql2fe
    @play-ql2fe 3 ปีที่แล้ว +1

    You are doing great job. Literally serving great wisdom. Thanks 😊. Can't pay it.

  • @LECityLECLEC
    @LECityLECLEC 2 ปีที่แล้ว +3

    I love this style! Thanks for putting in the extra effort to make this amazing!

  • @alexfrank1831
    @alexfrank1831 4 ปีที่แล้ว +10

    I've been waiting for this and it is as amazing as anticipated. Thank you, and great job!

  • @priyankajusta3375
    @priyankajusta3375 4 ปีที่แล้ว +10

    Wonderful explanation👌 Looking forward for the next one:)

  • @user-fc1ro7yt3t
    @user-fc1ro7yt3t 4 ปีที่แล้ว +1

    Underrated channel 💔
    Best content

  • @financemarket3617
    @financemarket3617 4 ปีที่แล้ว

    Great sir .its right

  • @amm8295
    @amm8295 3 ปีที่แล้ว +2

    I wish I saw these before I failed my econometrics class!!

  • @MrPuberoon
    @MrPuberoon 3 ปีที่แล้ว +3

    Otto : I guess we'd have to control for.......
    Sensei : YES, EXACTLY!
    Otto : What............

  • @ingriidhval
    @ingriidhval 2 ปีที่แล้ว

    AMAZING!!

  • @RoxasTheMaster
    @RoxasTheMaster 3 ปีที่แล้ว +1

    Quality content. 12/10

  • @user-sw8cd8lh1c
    @user-sw8cd8lh1c 5 หลายเดือนก่อน +1

    If the independent variable here is highly correlated with those controls, are there gonna be any issue of multicolinearity? For example, those high income parents are more likely to send their children to private high school…

  • @dilvanythagoddess3786
    @dilvanythagoddess3786 4 ปีที่แล้ว

    I very much enjoyed this series. Sad to see it not completed.

    • @MarginalRevolutionUniversity
      @MarginalRevolutionUniversity  4 ปีที่แล้ว +5

      We're hard at work on it! A new episode drops soon. Sign up for updates at: mru.org/subscribe

  • @MarginalRevolutionUniversity
    @MarginalRevolutionUniversity  4 ปีที่แล้ว +9

    This is the third video in our Mastering Econometrics course.
    Try out our practice questions: bit.ly/2s0DiQ7
    See the full course: bit.ly/2rWoVw1
    Econometrics test bank: mru.io/guy
    Get updated when we release the next video: bit.ly/2XrI7NU
    More from MRU: bit.ly/2O3cVS5

  • @dyvaputrit6260
    @dyvaputrit6260 ปีที่แล้ว +1

    As a movies lover and slow learner i really enjoys and have more comprehensive understanding with this short movie concept 😊. Im so happy finally found this kind of channel

  • @InCaseofEconStruggles
    @InCaseofEconStruggles 11 หลายเดือนก่อน

    This is a great video on Selection Bias! Highly entertaining while also doing a lot to explain why selection bias and causal inference methods that deal with selection bias are so important!

  • @Decoy1138
    @Decoy1138 ปีที่แล้ว

    RIP Dr. Krueger. May his memory be a blessing.

  • @mindygonzalez8542
    @mindygonzalez8542 4 ปีที่แล้ว +2

    funny and good video.

  • @fufu3539
    @fufu3539 3 ปีที่แล้ว

    I think the connections a big part.

  • @hamayoonshah1990
    @hamayoonshah1990 ปีที่แล้ว

    That's why MIT is at the top... Love the way you teach,,,,, I wish you success sir.

  • @alex_zetsu
    @alex_zetsu 4 ปีที่แล้ว +1

    I want to see an actual randomized trail where a private university gives say... 12.5% of their "accepts" to random applicants.

  • @AmelieZh
    @AmelieZh 4 ปีที่แล้ว +2

    Some are bought.

  • @user-vt6td9hp3g
    @user-vt6td9hp3g 3 ปีที่แล้ว

    Looks like an Archer episode

  • @elevensuns6874
    @elevensuns6874 ปีที่แล้ว

    That was funny.

  • @IGassmann
    @IGassmann 4 ปีที่แล้ว +11

    Then apply this to the gender gap.

    • @diogocoelho293
      @diogocoelho293 4 ปีที่แล้ว +3

      i bet that dosen`t exist

    • @bbeaum1
      @bbeaum1 4 ปีที่แล้ว

      Not much there when decent regression is used. Maybe that's only the case in this video from the 70's; we could have become more racist and sexist since then:
      th-cam.com/video/bwqzA2KP5pU/w-d-xo.html

  • @user-jj9lj5kc9m
    @user-jj9lj5kc9m 2 ปีที่แล้ว

    아따 어렵구마