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Omitted variable bias - example 3

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Published on Jun 3, 2013

This video provides an example of how omission of important variables in a regression can lead to substantial bias in coefficient estimates. 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...

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