Instrumental Variables — The Good and the Bad

Created
Wed, 18/10/2023 - 04:01
Updated
Wed, 18/10/2023 - 04:01
. Making appropriate extrapolations from (ideal, natural or quasi) experiments to different settings, populations or target systems, is not easy. “It works there” is no evidence for “it will work here.” The causal background assumptions made have to be justified, and without licenses to export, the value of ‘rigorous’ and ‘precise’ methods used when analyzing […]