Let the Data Speak? On the Importance of Theory-Based Instrumental Variable Estimations
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DOI: 10.1111/geer.12192
Abstract: Abstract In absence of randomized-controlled experiments, identification is often aimed via instrumental variable (IV) strategies, typically two-stage least squares estimations. According to Bayes’ rule, however, under a low ex ante probability that a hypothesis is… read more here.
Keywords: let data; importance theory; theory based; instrumental variable ... See more keywords