In the early 1940s, Haavelmo proposed a probabilistic structure for econometric modeling, aiming to make econometrics useful for public decision making. His fundamental contribution has become thoroughly embedded in subsequent econometric research, yet it could not fully answer all the deep...

"Although uncertainty is common in patient care, it has not been largely addressed in research on evidence-based medicine. Patient Care Under Uncertainty strives to correct this huge omission. For the past few years, renowned economist Charles Manski has been applying the statistical tools of...

Econometric analyses of treatment response commonly use instrumental variable (IV) assumptions to identify treatment effects. Yet the credibility of IV assumptions is often a matter of considerable disagreement, with much debate about whether some covariate is or is not a "valid instrument" in...