Natural experiments in econometrics

This video provides an example of a 'Natural Experiment' and how they can be put to use in econometrics. The example given is how the Vietnam was lottery draft system was used as a means to estimate the effect of military participation on lifetime earnings in Angrist's 1990 seminal paper. Check out https://ben-lambert.com/econometrics-... for course materials, and information regarding updates on each of the courses. Quite excitingly (for me at least), I am about to publish a whole series of new videos on Bayesian statistics on youtube. See here for information: https://ben-lambert.com/bayesian/ Accompanying this series, there will be a book: https://www.amazon.co.uk/gp/product/1...