Guido W. Imbens, along with David Card and Joshua Angrist, shared the 2021 Nobel Prize in Economics for “methodological contributions to the analysis of causal relationships”. In 2017 he received the Horace Mann medal at Brown University. An honor shared by your host Professor Brian Keating.
He is The Applied Econometrics Professor of Economics at the Stanford Graduate School of Business since 2012, and has also taught at Harvard University, UCLA, and UC Berkeley. He holds an honorary degree from the University of St Gallen. He is also the Amman Mineral Faculty Fellow at the Stanford GSB.
Imbens specializes in econometrics, and in particular methods for drawing causal inferences from experimental and observational data. He has published extensively in the leading economics and statistics journals. Together with Donald Rubin he has published a book, "Causal Inference in Statistics, Social and Biomedical Sciences”. He is a fellow of the Econometric Society, the Royal Holland Society of Sciences and Humanities, the Royal Netherlands Academy of Sciences, the American Academy of Arts and Sciences, and the American Statistical Association. He holds an honorary doctorate from the University of St. Gallen.
In this episode, Professor Imbens give his lecture on his Nobel Prize-winning thesis. See the video with the slides here: https://youtu.be/X632K3n8PPI
00:00:00 Intro
00:04:23 Origin of the book Causal Inference in Statistics, Social and Biomedical Sciences
00:10:23 Define what you mean by the credibility revolution and what does it take to create a revolution in economics?
00:15:50 Are we in a “reproducibility crisis” in science and what can we do about it?
00:20:18 How should education and pedagogy be changed to meet the credibility challenge?
00:27:40 What is a day in your life like?
00:34:48 How has winning a Nobel Prize impacted you?
00:43:30 Guido’s Nobel Prize Thesis Lecture Begins: The Critical Concepts in Causality
00:43:50 Guido's academic journey.
00:47:50 Correlation is not causality
00:53:00 Statistical traditions
00:55:30 Econometrics
01:05:00 Examples
01:38:22 End of lecture slides
01:38:00 Final four existential questions.
01:39:25 What would you put in your ethical will?
01:45:23 What is the greatest accomplishment in your field that should be preserved for posterity?
01:50:00 What have you changed your mind about?
01:54:25 What advice would you give your younger self to go into the impossible?
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