Edward Leamer: Is Econometrics a Con?

Tags: Health

07/23/2020 Michel Accad, MD Anish Koka

Dr. Leamer is a Professor of Economics and Statistics at UCLA who comes on the show to discuss the recent arrival of econometric analyses in medicine. He is a longstanding skeptic of the robustness of conclusions derived from econometrics and has some advice for clinicians puzzling over what to do with these analyses.

SHOW NOTES

Ed Leamer warns of the science of econometrics in 1983
The Credibility Revolution in Empirical Economics: How Better Research Design is Taking the Con out of Econometrics – Angrist and Pischke argue in 2010 that new econometric tools : pseudorandomization, instrumental variables, and natural experiments mark a credibility revolution for the field
Tantalus on the Road to Asymptopia- Ed Leamer responds to Angrist/Pischke
Watch this episode on YouTube

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