Reason: The book uniquely explains the intuitive ideas behind econometric methods. There is also a video series by MRU on the book. Other books that I have read on the subject:
- Mostly Harmless Econometrics, by the same authors. Kind of an earlier version of Mastering Metrics, more in depth, less fun and engaging.
- Introductory Econometrics A Modern Approach, by Wooldridge. Excellent for hands-on projects, very detailed, not as intuitive and easy to read as the others, packed with supplementary math, strong focus on different data structures (cross-section data vs. timeline and panel)
- Ökonometrie Eine Einführung (German) , similar to the above but way less content, stronger focus on potential errors and wrong presumptions.
Furthermore I recommend reading The Book of Why (popular science) by Judea Pearl for a greater understanding of causal inference as a whole. The book also delves into the history of causal inference, bayesian networks and artificial intelligence.
Subject: Econometrics
Recommendation: Mastering ’Metrics by Josh Angrist and J.S. Pischke
Reason: The book uniquely explains the intuitive ideas behind econometric methods. There is also a video series by MRU on the book. Other books that I have read on the subject:
- Mostly Harmless Econometrics, by the same authors. Kind of an earlier version of Mastering Metrics, more in depth, less fun and engaging.
- Introductory Econometrics A Modern Approach, by Wooldridge. Excellent for hands-on projects, very detailed, not as intuitive and easy to read as the others, packed with supplementary math, strong focus on different data structures (cross-section data vs. timeline and panel)
- Ökonometrie Eine Einführung (German) , similar to the above but way less content, stronger focus on potential errors and wrong presumptions.
Furthermore I recommend reading The Book of Why (popular science) by Judea Pearl for a greater understanding of causal inference as a whole. The book also delves into the history of causal inference, bayesian networks and artificial intelligence.