Econometric Sense

Classification models with binary and categorical outcomes are often assessed based on the c-statistic or area under the ROC curve. (see als...

In a previous post I discussed block randomized designs.  Duflo et al (2008) describe this in more detail: "Since the covariates to be...

When I first learned about randomized complete block designs as an undergraduate to me it was just another set of computations to memorize f...

Assessing the balance between treatment and control groups across control variables is an important part of propensity score matching. It...

Knowledge is the most important resource in a firm and the essence of organizational capability, innovation, value creation, strategy, and c...

In my previous post I discussed the value proposition of experimentation and causal inference from a mainline economic perspective. In this...

Why should firms leverage experimentation and causal inference? With recent advancements in computing power and machine learning, why can...