From the same page, “Instrumental variables are rarely used and have generally become viewed with suspicion; their heyday was the 1980s”
This is simply not true, at least within economics. Look at any recent econometrics textbook, or search for “instrumental variables” in EconLit and notice how there are more hits every year between 1970 and now.
From the same page, “Instrumental variables are rarely used and have generally become viewed with suspicion; their heyday was the 1980s” This is simply not true, at least within economics. Look at any recent econometrics textbook, or search for “instrumental variables” in EconLit and notice how there are more hits every year between 1970 and now.