| Record ID | marc_loc_updates/v39.i17.records.utf8:18288568:1811 |
| Source | Library of Congress |
| Download Link | /show-records/marc_loc_updates/v39.i17.records.utf8:18288568:1811?format=raw |
LEADER: 01811nam a22002897a 4500
001 2011655908
003 DLC
005 20110419073737.0
007 cr |||||||||||
008 110419s2011 mau sb 000 0 eng
010 $a 2011655908
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aMorck, Randall.
245 10 $aEconomics, history, and causation$h[electronic resource] /$cRandall Morck, Bernard Yeung.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2011.
490 1 $aNBER working paper series ;$vworking paper 16678
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 4/19/2011.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"Economics and history both strive to understand causation: economics using instrumental variables econometrics and history by weighing the plausibility of alternative narratives. Instrumental variables can lose value with repeated use because of an econometric tragedy of the commons bias: each successful use of an instrument potentially creates an additional latent variable bias problem for all other uses of that instrument - past and future. Economists should therefore consider historians' approach to inferring causality from detailed context, the plausibility of alternative narratives, external consistency, and recognition that free will makes human decisions intrinsically exogenous"--National Bureau of Economic Research web site.
700 1 $aYeung, Bernard,$d1953-
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 16678.
856 40 $uhttp://www.nber.org/papers/w16678