Josh Angrist: What’s With All the Kung Fu Stuff?


♪ [music] ♪ – [Narrator] What’s with
all the kung fu stuff? [gong chiming] – [Josh Angrist] Well,
the kung fu stuff kind of comes
from the same place that “Hitchhiker’s Guide
to the Galaxy” came from. Steve Pischke and I
wrote a graduate book, “Mostly Harmless Econometrics,” and we figured out,
as the project moved along, that it would be more fun for us and more interesting
for our readers if we had a kind of
a framework or sensibility that would give it some humor and that was in some way relevant. There’s a sense in which
econometrics is a search, life is a journey,
the path is obscure. The data speak, but not clearly.
They require interpretation. And then, something
that’s really fundamental to both econometric research and, I would say,
the sort of kung fu world, is the notion
of potential outcomes, that there are two roads. You only get to go down one. You never know what lies
at the end of the road not taken. ♪ [music] ♪ – [Narrator] Ready to master
econometrics? Click here to embark
on an educational journey with Josh Angrist,
a.k.a. “Master Joshway.” Or, if you’d like to watch more
from this interview series, click here. ♪ [music] ♪

4 thoughts on “Josh Angrist: What’s With All the Kung Fu Stuff?

  1. This is the fourth in our Q&A video series with MIT Professor Josh Angrist in which he addresses common questions and misconceptions about econometrics. And yes, if you’re wondering, that’s a real katana sword behind him. You never know when Selection Bias is going to show up looking for a fight.

    See Josh’s Mastering Econometrics course: http://bit.ly/2CLJDBb

    See Josh’s responses to other common questions: http://bit.ly/2Q546bU

    More from Marginal Revolution University: http://bit.ly/2Cwrjf0

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