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Ceteris Paribus: Public vs. Private University

Duration: 06:17Views: 74.6KLikes: 1.3KDate Created: Feb, 2019

Channel: Marginal Revolution University

Category: Education

Tags: ceteris paribuseconometricsdata sciencejosh angrist

Description: The condition of being identical in every respect has a special name: ceteris paribus, Latin for all else equal. It is one of the most important concepts, not just in econometrics, but in all science. In this video we tackle the question, should you pay big bucks to go to an expensive private university? Or would you do just as well attending a less pricey state university? Keeping ceteris paribus in mind is the key to unlocking the answer to this question. Try out our practice questions: bit.ly/2BQPJ2M Econometrics test bank: mru.io/jqd Move on to the next video: bit.ly/2St9Ny1 See the full course outline: bit.ly/2XppsCa More from Marginal Revolution University: bit.ly/2StcBec

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