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Mastering ’Metrics: The Path from Cause to Effect

Chapter 1 Randomized TrialsKwai Chang Caine:What happens in a man s life is alreadywritten. A man must move through life as his destiny man:Yet each is free to live as he chooses. Though they seemopposite, both are Fu,PilotOur PathOur path begins with experimentalrandom assignment,both as a framework for causal questions and a bench-mark by which the results from other methods arejudged. We illustrate the awesome power of random assign-ment through two randomized evaluations of the effects ofhealth insurance. The appendix to this chapter also uses theexperimental framework to review the concepts and methodsof statistical In Sickness and in Health (Insurance)The Affordable Care Act (ACA) has proven to be one of themost controversial and interesting policy innovations we veseen.

of statistical inference. 1.1 In Sickness and in Health (Insurance) The Affordable Care Act (ACA) has proven to be one of the most controversial and interesting policy innovations we’ve seen. The ACA requires Americans to buy health insurance, ... =5, the causal effect of insurance on her health is = = = = 1 +{}., ...

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