[Script Info]
Title: 
[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,0:00:00.03,0:00:01.83,Default,,0000,0000,0000,,♪ [music] ♪
Dialogue: 0,0:00:03.63,0:00:05.63,Default,,0000,0000,0000,,- [Narrator] Welcome to \NNobel Conversations.
Dialogue: 0,0:00:06.93,0:00:10.30,Default,,0000,0000,0000,,In this episode,\NJosh Angrist and Guido Imbens,
Dialogue: 0,0:00:10.30,0:00:13.38,Default,,0000,0000,0000,,sit down with Isaiah Andrews \Nto discuss the key ingredients
Dialogue: 0,0:00:13.38,0:00:16.70,Default,,0000,0000,0000,,in their Nobel-winning\Ncollaboration.
Dialogue: 0,0:00:16.70,0:00:19.59,Default,,0000,0000,0000,,Josh and Guido, first, \Ncongratulations on the Nobel Prize!
Dialogue: 0,0:00:19.59,0:00:20.62,Default,,0000,0000,0000,,Thank you.
Dialogue: 0,0:00:20.62,0:00:23.19,Default,,0000,0000,0000,,- [Isaiah] The work you did together,\Nparticularly the work
Dialogue: 0,0:00:23.19,0:00:25.99,Default,,0000,0000,0000,,on the Local Average Treatment Effect,\Nor LATE framework
Dialogue: 0,0:00:25.99,0:00:28.90,Default,,0000,0000,0000,,was cited as one of the big reasons\Nyou won the prize.
Dialogue: 0,0:00:29.20,0:00:32.60,Default,,0000,0000,0000,,At the same time, you only\Noverlapped at Harvard for a year--
Dialogue: 0,0:00:32.90,0:00:34.30,Default,,0000,0000,0000,,if I'm remembering correctly--
Dialogue: 0,0:00:35.21,0:00:36.25,Default,,0000,0000,0000,,it would be great to hear \Na bit more
Dialogue: 0,0:00:36.25,0:00:38.50,Default,,0000,0000,0000,,about how you started \Nthis collaboration
Dialogue: 0,0:00:38.50,0:00:40.96,Default,,0000,0000,0000,,and what made your working\Nrelationship productive.
Dialogue: 0,0:00:40.96,0:00:43.60,Default,,0000,0000,0000,,Are there ways in which you felt like \Nyou complimented each other,
Dialogue: 0,0:00:43.60,0:00:46.47,Default,,0000,0000,0000,,what got things started\Non such a productive trajectory?
Dialogue: 0,0:00:46.79,0:00:50.62,Default,,0000,0000,0000,,Your job talk, as I recall, Guido,\Nit wasn't very interesting
Dialogue: 0,0:00:50.62,0:00:52.74,Default,,0000,0000,0000,,but I think it was \Na choice-based sampling--
Dialogue: 0,0:00:52.74,0:00:54.60,Default,,0000,0000,0000,,It was. It was.\N[laughter]
Dialogue: 0,0:00:54.60,0:00:56.28,Default,,0000,0000,0000,,I was a very marginal hire there
Dialogue: 0,0:00:56.28,0:00:58.34,Default,,0000,0000,0000,,because they didn't \Nactually interview me
Dialogue: 0,0:00:58.34,0:00:59.83,Default,,0000,0000,0000,,on the regular job market,
Dialogue: 0,0:00:59.83,0:01:03.00,Default,,0000,0000,0000,,but I think they were very desperate \Nto get someone else
Dialogue: 0,0:01:03.00,0:01:04.90,Default,,0000,0000,0000,,to actually teach their courses.
Dialogue: 0,0:01:05.92,0:01:08.47,Default,,0000,0000,0000,,It was after they had \Na couple of seminars already
Dialogue: 0,0:01:08.47,0:01:11.12,Default,,0000,0000,0000,,and they're still looking \Nin econometrics,
Dialogue: 0,0:01:11.14,0:01:13.94,Default,,0000,0000,0000,,- ...so Gary called me and kind of--\N- [Josh] Gary Chamberlain?
Dialogue: 0,0:01:13.94,0:01:16.70,Default,,0000,0000,0000,,Gary Chamberlain called me and\Ninterviewed me over the telephone.
Dialogue: 0,0:01:17.40,0:01:20.83,Default,,0000,0000,0000,,He said, "Okay, well, why don't you \Ncome out and give a talk?"
Dialogue: 0,0:01:21.09,0:01:23.41,Default,,0000,0000,0000,,- [Josh] I remember this talk \Na little bit.
Dialogue: 0,0:01:23.41,0:01:26.94,Default,,0000,0000,0000,,I remember the dinner that \Nyou and Gary and I had.
Dialogue: 0,0:01:29.00,0:01:32.90,Default,,0000,0000,0000,,I remember not being very excited\Nabout your job market paper,
Dialogue: 0,0:01:33.60,0:01:38.22,Default,,0000,0000,0000,,but I saw that Gary was and luckily,\NGary's view prevailed...
Dialogue: 0,0:01:38.58,0:01:39.60,Default,,0000,0000,0000,,Yes.
Dialogue: 0,0:01:39.60,0:01:41.90,Default,,0000,0000,0000,,- [Josh] ...and Harvard \Nmade you an offer
Dialogue: 0,0:01:42.40,0:01:46.30,Default,,0000,0000,0000,,and I think we started talking to \Neach other pretty pretty soon after
Dialogue: 0,0:01:46.30,0:01:49.81,Default,,0000,0000,0000,,you arrived in the fall of 1990, \Nright?
Dialogue: 0,0:01:49.81,0:01:52.99,Default,,0000,0000,0000,,As I said, I came \Nand I didn't have a very clear agenda.
Dialogue: 0,0:01:52.99,0:01:55.70,Default,,0000,0000,0000,,I was a little intimidated getting there.
Dialogue: 0,0:01:56.00,0:01:59.78,Default,,0000,0000,0000,,But Gary kind of said, \N"No, you should talk to Josh."
Dialogue: 0,0:01:59.78,0:02:04.58,Default,,0000,0000,0000,,You should go to the labor seminar,\Nkind of see what these people do.
Dialogue: 0,0:02:04.58,0:02:06.99,Default,,0000,0000,0000,,They're doing very \Ninteresting things there."
Dialogue: 0,0:02:07.47,0:02:08.88,Default,,0000,0000,0000,,I listened to Gary.
Dialogue: 0,0:02:09.88,0:02:10.94,Default,,0000,0000,0000,,As we did.
Dialogue: 0,0:02:10.94,0:02:14.83,Default,,0000,0000,0000,,As we did in the those days \Nand ever since.
Dialogue: 0,0:02:14.83,0:02:16.70,Default,,0000,0000,0000,,I think it helped that \Nwe were neighbors.
Dialogue: 0,0:02:16.70,0:02:20.77,Default,,0000,0000,0000,,We both lived in Harvard's\Njunior faculty housing,
Dialogue: 0,0:02:22.03,0:02:25.04,Default,,0000,0000,0000,,partly because housing costs\Nwere very high in Cambridge
Dialogue: 0,0:02:25.04,0:02:27.20,Default,,0000,0000,0000,,relative to our salary, \Nwhich was very low.
Dialogue: 0,0:02:27.80,0:02:29.46,Default,,0000,0000,0000,,I think it also made a difference,
Dialogue: 0,0:02:29.46,0:02:31.21,Default,,0000,0000,0000,,neither of us came from Cambridge,
Dialogue: 0,0:02:31.21,0:02:33.36,Default,,0000,0000,0000,,so there were a lot of MIT people
Dialogue: 0,0:02:33.36,0:02:36.03,Default,,0000,0000,0000,,who already had their whole networks,
Dialogue: 0,0:02:36.44,0:02:37.80,Default,,0000,0000,0000,,kind of our collaborators.
Dialogue: 0,0:02:37.80,0:02:39.46,Default,,0000,0000,0000,,♪ [music] ♪
Dialogue: 0,0:02:39.46,0:02:41.85,Default,,0000,0000,0000,,- [Josh] Well, I think we figured out
Dialogue: 0,0:02:41.85,0:02:43.80,Default,,0000,0000,0000,,a mode of working together, also.
Dialogue: 0,0:02:43.80,0:02:46.41,Default,,0000,0000,0000,,We had kind of a regular date, \Nso we were neighbors
Dialogue: 0,0:02:46.86,0:02:48.76,Default,,0000,0000,0000,,and we often did \Nour laundry together.
Dialogue: 0,0:02:49.51,0:02:51.91,Default,,0000,0000,0000,,We didn't have laundry\Nmachines at our apartments.
Dialogue: 0,0:02:52.50,0:02:55.45,Default,,0000,0000,0000,,But we used to do our laundry\Nand we were talking
Dialogue: 0,0:02:55.45,0:02:59.07,Default,,0000,0000,0000,,and you had a way \Nof fairly systematically,
Dialogue: 0,0:03:00.33,0:03:03.30,Default,,0000,0000,0000,,addressing questions that\Nwould come up in our discussions
Dialogue: 0,0:03:03.30,0:03:05.56,Default,,0000,0000,0000,,and the one thing that \NI was very impressed by,
Dialogue: 0,0:03:06.40,0:03:08.73,Default,,0000,0000,0000,,our early interaction,\Nis you would follow up.
Dialogue: 0,0:03:09.99,0:03:11.50,Default,,0000,0000,0000,,You would write some things down.
Dialogue: 0,0:03:11.50,0:03:13.25,Default,,0000,0000,0000,,Looking back at those days,\Nsort of clearly,
Dialogue: 0,0:03:13.25,0:03:16.46,Default,,0000,0000,0000,,I just had a lot more time \Nto actually think.
Dialogue: 0,0:03:16.46,0:03:19.37,Default,,0000,0000,0000,,- I look at my junior colleagues now-- \N- You don't have time to think now.
Dialogue: 0,0:03:19.37,0:03:22.75,Default,,0000,0000,0000,,No, but for me that is \Nkind of one thing,
Dialogue: 0,0:03:22.75,0:03:24.85,Default,,0000,0000,0000,,but I feel now a lot of \Nmy junior colleagues
Dialogue: 0,0:03:24.85,0:03:27.20,Default,,0000,0000,0000,,don't actually have a lot \Nof time to think.
Dialogue: 0,0:03:27.20,0:03:29.71,Default,,0000,0000,0000,,People are just doing \Nso many projects,
Dialogue: 0,0:03:29.71,0:03:31.80,Default,,0000,0000,0000,,and it's actually so hard
Dialogue: 0,0:03:31.80,0:03:34.56,Default,,0000,0000,0000,,and there's so much pressure \Non people to publish.
Dialogue: 0,0:03:34.56,0:03:38.08,Default,,0000,0000,0000,,I remember spending a lot of time \Nsitting in my office
Dialogue: 0,0:03:38.08,0:03:41.50,Default,,0000,0000,0000,,and thinking, \N"Wow, what shall I do now?"
Dialogue: 0,0:03:41.50,0:03:42.84,Default,,0000,0000,0000,,[laughter]
Dialogue: 0,0:03:43.41,0:03:45.10,Default,,0000,0000,0000,,But it would give me a lot of time
Dialogue: 0,0:03:45.10,0:03:46.88,Default,,0000,0000,0000,,to actually think about \Nthese problems
Dialogue: 0,0:03:46.88,0:03:48.79,Default,,0000,0000,0000,,and trying to figure it them out
Dialogue: 0,0:03:48.79,0:03:50.61,Default,,0000,0000,0000,,and I could actually go to seminars
Dialogue: 0,0:03:52.00,0:03:56.65,Default,,0000,0000,0000,,and then the next day have coffee \Nor lunch with Josh or Gary
Dialogue: 0,0:03:56.65,0:03:58.64,Default,,0000,0000,0000,,and actually talk about \Nthose things.
Dialogue: 0,0:03:58.64,0:04:01.30,Default,,0000,0000,0000,,- [Isaiah] You guys weren't actually \Nat Harvard together all that long,
Dialogue: 0,0:04:01.30,0:04:03.30,Default,,0000,0000,0000,,you started working\Ntogether pretty quickly.
Dialogue: 0,0:04:03.30,0:04:06.60,Default,,0000,0000,0000,,Were you both in the mindset that \Nyou were looking for co-authors,
Dialogue: 0,0:04:06.60,0:04:09.26,Default,,0000,0000,0000,,or looking for a particular type\Nof types of co-authors at the time
Dialogue: 0,0:04:09.26,0:04:11.60,Default,,0000,0000,0000,,or was it more sort of \Nfortuitous than that?
Dialogue: 0,0:04:11.60,0:04:13.02,Default,,0000,0000,0000,,- [Josh] I think we were lucky.
Dialogue: 0,0:04:13.02,0:04:15.25,Default,,0000,0000,0000,,I don't remember that I was looking.
Dialogue: 0,0:04:16.13,0:04:17.90,Default,,0000,0000,0000,,I think, it was more fortuitous.
Dialogue: 0,0:04:18.37,0:04:21.41,Default,,0000,0000,0000,,I said I came in, \NI'd done my job market paper,
Dialogue: 0,0:04:21.41,0:04:23.11,Default,,0000,0000,0000,,and another paper for my thesis
Dialogue: 0,0:04:23.11,0:04:25.50,Default,,0000,0000,0000,,and I was just very happy \Nto come to Harvard
Dialogue: 0,0:04:25.50,0:04:27.70,Default,,0000,0000,0000,,and suddenly there were all these\Nseminars to go to,
Dialogue: 0,0:04:28.26,0:04:30.71,Default,,0000,0000,0000,,and lots of interesting people \Nto talk to,
Dialogue: 0,0:04:31.20,0:04:35.80,Default,,0000,0000,0000,,but it wasn't a very\Nconscious thing on my part.
Dialogue: 0,0:04:36.30,0:04:39.20,Default,,0000,0000,0000,,Looking back, I think there\Nwas a moment for me,
Dialogue: 0,0:04:39.70,0:04:42.93,Default,,0000,0000,0000,,where I was discussing \Ninstrumental variables,
Dialogue: 0,0:04:42.93,0:04:46.02,Default,,0000,0000,0000,,potential outcomes, \Ntreatment effects with Guido
Dialogue: 0,0:04:47.00,0:04:49.86,Default,,0000,0000,0000,,and we had a pretty good discussion,
Dialogue: 0,0:04:49.86,0:04:54.54,Default,,0000,0000,0000,,but then he also sent me some notes
Dialogue: 0,0:04:55.77,0:05:00.70,Default,,0000,0000,0000,,and the notes were very methodical\Nwrite-up of our discussion
Dialogue: 0,0:05:00.70,0:05:02.97,Default,,0000,0000,0000,,and what you thought
Dialogue: 0,0:05:03.60,0:05:07.46,Default,,0000,0000,0000,,we had been concluding \Nin a fairly formal way
Dialogue: 0,0:05:07.46,0:05:09.89,Default,,0000,0000,0000,,and I thought, \N"Well, that's great."
Dialogue: 0,0:05:10.34,0:05:13.02,Default,,0000,0000,0000,,Talk is cheap, right, \Nbut with somebody...
Dialogue: 0,0:05:13.02,0:05:15.51,Default,,0000,0000,0000,,- [Guido] Yeah, but--\N- ...really writes out their story.
Dialogue: 0,0:05:15.90,0:05:18.50,Default,,0000,0000,0000,,- [Guido] For me, it really helps\Nwriting things down
Dialogue: 0,0:05:18.50,0:05:22.77,Default,,0000,0000,0000,,and I do remember working with Josh
Dialogue: 0,0:05:22.77,0:05:26.16,Default,,0000,0000,0000,,and sitting in my office \Nand writing things out
Dialogue: 0,0:05:26.63,0:05:28.88,Default,,0000,0000,0000,,and you guys have all\Nhad the discussions with Gary
Dialogue: 0,0:05:28.88,0:05:32.21,Default,,0000,0000,0000,,where afterwards we need \Nto then sit down
Dialogue: 0,0:05:32.21,0:05:33.92,Default,,0000,0000,0000,,and actually write things up
Dialogue: 0,0:05:33.92,0:05:36.64,Default,,0000,0000,0000,,to figure out exactly \Nwhat was going on.
Dialogue: 0,0:05:37.81,0:05:39.36,Default,,0000,0000,0000,,I think the other thing we had, \NGuido,
Dialogue: 0,0:05:39.36,0:05:41.66,Default,,0000,0000,0000,,is we had some \Nvery concrete questions
Dialogue: 0,0:05:41.66,0:05:43.61,Default,,0000,0000,0000,,that came from applications.
Dialogue: 0,0:05:43.61,0:05:45.00,Default,,0000,0000,0000,,- [Guido] Yeah.
Dialogue: 0,0:05:45.60,0:05:47.46,Default,,0000,0000,0000,,A lot of econometrics, in my view,
Dialogue: 0,0:05:47.87,0:05:51.42,Default,,0000,0000,0000,,that we were schooled in \Nwas about models,
Dialogue: 0,0:05:51.42,0:05:55.41,Default,,0000,0000,0000,,here's a model and what can \Nyou say about this model?
Dialogue: 0,0:05:57.11,0:06:00.20,Default,,0000,0000,0000,,I think we were thinking about, \Nhere's a particular scenario,
Dialogue: 0,0:06:00.50,0:06:03.80,Default,,0000,0000,0000,,draft eligibility is an instrument\Nfor whether you serve in the Army.
Dialogue: 0,0:06:04.83,0:06:06.30,Default,,0000,0000,0000,,What do we learn from that?
Dialogue: 0,0:06:06.30,0:06:07.30,Default,,0000,0000,0000,,- [Guido] That's right.
Dialogue: 0,0:06:07.30,0:06:11.93,Default,,0000,0000,0000,,That's right, and that's sort of \Nwhere your influence
Dialogue: 0,0:06:11.93,0:06:14.89,Default,,0000,0000,0000,,on the way I do research now \Nis still very clear--
Dialogue: 0,0:06:14.89,0:06:16.97,Default,,0000,0000,0000,,♪ [music] ♪
Dialogue: 0,0:06:16.97,0:06:19.06,Default,,0000,0000,0000,,- [Isaiah] Zooming out \Na little bit, just thinking about
Dialogue: 0,0:06:19.06,0:06:20.94,Default,,0000,0000,0000,,when you guys started \Nworking on this,
Dialogue: 0,0:06:20.94,0:06:22.35,Default,,0000,0000,0000,,when you started working together,
Dialogue: 0,0:06:23.10,0:06:24.41,Default,,0000,0000,0000,,any thoughts for folks
Dialogue: 0,0:06:24.41,0:06:26.89,Default,,0000,0000,0000,,who are just interested in\Nfinding productive
Dialogue: 0,0:06:26.89,0:06:28.17,Default,,0000,0000,0000,,co-authors being productive?
Dialogue: 0,0:06:28.17,0:06:30.90,Default,,0000,0000,0000,,I mean, Guido already mentioned\Nthe importance of having time,
Dialogue: 0,0:06:30.90,0:06:32.10,Default,,0000,0000,0000,,right, which it is.
Dialogue: 0,0:06:32.10,0:06:34.86,Default,,0000,0000,0000,,It is very easily not to have \Na lot of time to think--
Dialogue: 0,0:06:34.86,0:06:36.25,Default,,0000,0000,0000,,You definitely have to make time.
Dialogue: 0,0:06:36.25,0:06:38.57,Default,,0000,0000,0000,,That's a great question though, \NIsaiah,
Dialogue: 0,0:06:40.40,0:06:42.74,Default,,0000,0000,0000,,and I tell my students that
Dialogue: 0,0:06:42.74,0:06:46.50,Default,,0000,0000,0000,,you should pick your co-authors \Nas carefully,
Dialogue: 0,0:06:46.50,0:06:48.80,Default,,0000,0000,0000,,maybe more carefully \Nthan you pick your spouse.
Dialogue: 0,0:06:49.39,0:06:51.77,Default,,0000,0000,0000,,You want to find co-authors who,
Dialogue: 0,0:06:53.80,0:06:57.72,Default,,0000,0000,0000,,you have some complementarity
Dialogue: 0,0:06:58.12,0:07:00.98,Default,,0000,0000,0000,,and that's what makes \Na strong relationship.
Dialogue: 0,0:07:03.20,0:07:06.90,Default,,0000,0000,0000,,You don't want to work with somebody\Nwho sees the world exactly like you
Dialogue: 0,0:07:09.37,0:07:11.75,Default,,0000,0000,0000,,and as much as Guido \Nand I agree about things,
Dialogue: 0,0:07:12.07,0:07:14.82,Default,,0000,0000,0000,,we often disagree \Nabout things to this day
Dialogue: 0,0:07:15.56,0:07:18.69,Default,,0000,0000,0000,,and it's fruitful to have \Nthose discussions
Dialogue: 0,0:07:19.25,0:07:21.40,Default,,0000,0000,0000,,and we had complimentary skills.
Dialogue: 0,0:07:21.40,0:07:24.82,Default,,0000,0000,0000,,I was very empirical. \NI'm not really an abstract thinker.
Dialogue: 0,0:07:25.50,0:07:29.80,Default,,0000,0000,0000,,Guido was great at figuring out \Nwhat the principles were.
Dialogue: 0,0:07:30.10,0:07:34.50,Default,,0000,0000,0000,,Yeah, that's right and I totally\Nagree, kind of [inaudible].
Dialogue: 0,0:07:34.70,0:07:37.83,Default,,0000,0000,0000,,These are incredibly\Nimportant relationships
Dialogue: 0,0:07:37.83,0:07:42.40,Default,,0000,0000,0000,,and you see a lot of\Npeople working together
Dialogue: 0,0:07:42.40,0:07:45.68,Default,,0000,0000,0000,,and not necessarily working \Nvery well
Dialogue: 0,0:07:47.00,0:07:51.99,Default,,0000,0000,0000,,and then it's very hard often \Nto get out of this relationship.
Dialogue: 0,0:07:52.90,0:07:56.00,Default,,0000,0000,0000,,A good partnering is a\Nbeautiful thing, like a marriage.
Dialogue: 0,0:07:56.50,0:07:58.50,Default,,0000,0000,0000,,It produces wonderful children,
Dialogue: 0,0:07:59.50,0:08:03.41,Default,,0000,0000,0000,,the fruits of the scholarship are\Npotentially wonderful
Dialogue: 0,0:08:03.41,0:08:07.67,Default,,0000,0000,0000,,and they exceed the capacity of the\Npartners to do it on their own
Dialogue: 0,0:08:07.90,0:08:10.84,Default,,0000,0000,0000,,but a bad co-authorship \Ncan be very destructive
Dialogue: 0,0:08:10.84,0:08:14.34,Default,,0000,0000,0000,,and time consuming and painful,\Njust like a bad marriage.
Dialogue: 0,0:08:16.19,0:08:18.92,Default,,0000,0000,0000,,Arguments may start about \Nwho did what when
Dialogue: 0,0:08:18.92,0:08:22.64,Default,,0000,0000,0000,,and intellectual property\Ntype issues,
Dialogue: 0,0:08:22.64,0:08:24.70,Default,,0000,0000,0000,,especially when it when \Nit goes a little sour
Dialogue: 0,0:08:24.70,0:08:27.60,Default,,0000,0000,0000,,and somebody thinks the other party\Nis not pulling their weight.
Dialogue: 0,0:08:30.10,0:08:32.07,Default,,0000,0000,0000,,There's more co-authorship\Nnow in economics,
Dialogue: 0,0:08:32.07,0:08:34.25,Default,,0000,0000,0000,,I think that's been documented, \Nmuch more.
Dialogue: 0,0:08:34.25,0:08:35.09,Default,,0000,0000,0000,,- [Guido] Yes.
Dialogue: 0,0:08:35.09,0:08:37.46,Default,,0000,0000,0000,,There's more teams\Nand there's larger teams
Dialogue: 0,0:08:38.10,0:08:40.65,Default,,0000,0000,0000,,and I think that's great, \NI love working on teams.
Dialogue: 0,0:08:40.65,0:08:43.07,Default,,0000,0000,0000,,We do work on schools \Nwith big teams.
Dialogue: 0,0:08:43.07,0:08:49.23,Default,,0000,0000,0000,,I work often with PI teammates \Nlike Parag Pathak and David Autor
Dialogue: 0,0:08:49.23,0:08:51.10,Default,,0000,0000,0000,,and then a team of \Ngraduate students,
Dialogue: 0,0:08:51.10,0:08:54.26,Default,,0000,0000,0000,,but I see that the students \Nare not always,
Dialogue: 0,0:08:54.26,0:08:56.48,Default,,0000,0000,0000,,in some ways they're a little \Ntoo promiscuous,
Dialogue: 0,0:08:56.48,0:08:58.70,Default,,0000,0000,0000,,in my view, in their partnering.
Dialogue: 0,0:08:58.70,0:09:00.42,Default,,0000,0000,0000,,They don't think it through.
Dialogue: 0,0:09:01.18,0:09:03.60,Default,,0000,0000,0000,,It's difficult to think it through.
Dialogue: 0,0:09:03.93,0:09:08.50,Default,,0000,0000,0000,,I think, for me, working\Nwith people always has involved
Dialogue: 0,0:09:08.50,0:09:11.06,Default,,0000,0000,0000,,spending a lot of one-on-one\Ntime with people,
Dialogue: 0,0:09:11.43,0:09:12.98,Default,,0000,0000,0000,,you need to figure out \Nhow they think
Dialogue: 0,0:09:14.71,0:09:17.46,Default,,0000,0000,0000,,and what kind of problems \Nthey're interested in
Dialogue: 0,0:09:17.46,0:09:19.55,Default,,0000,0000,0000,,and how they think about \Nthese problems,
Dialogue: 0,0:09:19.55,0:09:23.13,Default,,0000,0000,0000,,how they like to write, \Nto make that--
Dialogue: 0,0:09:23.60,0:09:26.06,Default,,0000,0000,0000,,And it takes some maturity on\Neverybody's part.
Dialogue: 0,0:09:26.06,0:09:28.34,Default,,0000,0000,0000,,- Yes. Yes.\N- [Isaiah] In what sense?
Dialogue: 0,0:09:28.34,0:09:30.60,Default,,0000,0000,0000,,Just in the sense of knowing \Nwhat's going to work for them,
Dialogue: 0,0:09:30.60,0:09:32.64,Default,,0000,0000,0000,,knowing when things are\Nversus aren't working?
Dialogue: 0,0:09:33.20,0:09:36.13,Default,,0000,0000,0000,,- [Josh] Maturity in the\Nsense of having some judgment
Dialogue: 0,0:09:36.60,0:09:40.15,Default,,0000,0000,0000,,to be able to face it honestly,\Nif it's not going well,
Dialogue: 0,0:09:40.15,0:09:42.60,Default,,0000,0000,0000,,sometimes you have to have \Nsome difficult discussions.
Dialogue: 0,0:09:43.58,0:09:45.08,Default,,0000,0000,0000,,Is it worth continuing?
Dialogue: 0,0:09:46.40,0:09:48.80,Default,,0000,0000,0000,,"I was hoping you would do this, \Nand you didn't,"
Dialogue: 0,0:09:49.10,0:09:51.56,Default,,0000,0000,0000,,maybe it turns out \Nthere's some feeling
Dialogue: 0,0:09:51.56,0:09:53.44,Default,,0000,0000,0000,,in the other direction, \Nthe same way.
Dialogue: 0,0:09:54.16,0:09:56.80,Default,,0000,0000,0000,,And Josh is very good\N[chuckles]
Dialogue: 0,0:09:56.80,0:09:59.60,Default,,0000,0000,0000,,in the being honest,\Npart from the beginning,
Dialogue: 0,0:10:00.00,0:10:01.31,Default,,0000,0000,0000,,- [Josh] For better or worse.
Dialogue: 0,0:10:01.31,0:10:03.90,Default,,0000,0000,0000,,- [Guido] I would write this stuff \Nand then I remember
Dialogue: 0,0:10:04.60,0:10:08.19,Default,,0000,0000,0000,,the first version of the paper \Nwith Rubin,
Dialogue: 0,0:10:08.96,0:10:10.59,Default,,0000,0000,0000,,Josh was in Israel at the time,
Dialogue: 0,0:10:12.70,0:10:14.16,Default,,0000,0000,0000,,Don and I were in Cambridge
Dialogue: 0,0:10:14.16,0:10:16.01,Default,,0000,0000,0000,,and so I would talk \Nwith Don regularly,
Dialogue: 0,0:10:16.01,0:10:18.60,Default,,0000,0000,0000,,but Don wasn't really doing\Nmuch writing in those days,
Dialogue: 0,0:10:18.60,0:10:21.80,Default,,0000,0000,0000,,I would write things \Nand then I would fax them to Josh
Dialogue: 0,0:10:21.80,0:10:26.73,Default,,0000,0000,0000,,and they would come back, \Nfirst page just one big cross, "No,"
Dialogue: 0,0:10:26.73,0:10:29.56,Default,,0000,0000,0000,,second page, one big line, "No"
Dialogue: 0,0:10:30.57,0:10:33.47,Default,,0000,0000,0000,,and that would go for awhile\Nbut he still does that.
Dialogue: 0,0:10:33.47,0:10:36.80,Default,,0000,0000,0000,,I sent him the first draft \Nof my Nobel lecture,
Dialogue: 0,0:10:36.80,0:10:39.31,Default,,0000,0000,0000,,and Josh goes, \N"No, no!"
Dialogue: 0,0:10:40.33,0:10:44.65,Default,,0000,0000,0000,,I've gotten some PDF comments \Nlike that from Josh, very helpful.
Dialogue: 0,0:10:45.15,0:10:46.72,Default,,0000,0000,0000,,Omit needless words.
Dialogue: 0,0:10:47.39,0:10:51.72,Default,,0000,0000,0000,,I have few co-authors\Nwho are willing to do that.
Dialogue: 0,0:10:54.28,0:10:58.40,Default,,0000,0000,0000,,Especially as you get older, \Nit's harder to put up with that.
Dialogue: 0,0:10:59.30,0:11:02.90,Default,,0000,0000,0000,,I would find it harder now to start\Nworking with people who did that
Dialogue: 0,0:11:03.81,0:11:05.83,Default,,0000,0000,0000,,early on in a co-author \Nrelationship.
Dialogue: 0,0:11:05.83,0:11:08.90,Default,,0000,0000,0000,,It's also very hard because \Nyou need to have enough trust.
Dialogue: 0,0:11:12.52,0:11:16.56,Default,,0000,0000,0000,,Josh, for being willing \Nto be very critical,
Dialogue: 0,0:11:16.56,0:11:20.47,Default,,0000,0000,0000,,he was also willing \Nto admit being wrong.
Dialogue: 0,0:11:20.47,0:11:22.50,Default,,0000,0000,0000,,♪ [music] ♪
Dialogue: 0,0:11:22.50,0:11:25.37,Default,,0000,0000,0000,,- [Josh] But you have to be on\Nthe lookout for good partners,
Dialogue: 0,0:11:25.80,0:11:28.01,Default,,0000,0000,0000,,somebody who can help you \Nanswer questions
Dialogue: 0,0:11:28.01,0:11:29.71,Default,,0000,0000,0000,,that you can't answer yourself.
Dialogue: 0,0:11:30.20,0:11:33.00,Default,,0000,0000,0000,,I think there's a natural tendency \Nfor people to gravitate
Dialogue: 0,0:11:33.00,0:11:37.36,Default,,0000,0000,0000,,to people who are similar \Nin outlook and skills
Dialogue: 0,0:11:37.78,0:11:39.76,Default,,0000,0000,0000,,and that's not as useful.
Dialogue: 0,0:11:40.22,0:11:43.13,Default,,0000,0000,0000,,- [Guido] Josh is right, nowadays \Nit's very tempting
Dialogue: 0,0:11:43.13,0:11:46.13,Default,,0000,0000,0000,,to find people who think \Nabout the same problems
Dialogue: 0,0:11:46.13,0:11:49.18,Default,,0000,0000,0000,,you're already thinking about,\Nwho think along the same lines
Dialogue: 0,0:11:49.73,0:11:56.28,Default,,0000,0000,0000,,and that may not lead \Nto very novel stuff.
Dialogue: 0,0:11:58.50,0:12:00.84,Default,,0000,0000,0000,,But at the same time finding people
Dialogue: 0,0:12:00.84,0:12:02.80,Default,,0000,0000,0000,,who actually have \Nvery different ideas,
Dialogue: 0,0:12:02.80,0:12:04.38,Default,,0000,0000,0000,,it's going to take a lot of time.
Dialogue: 0,0:12:04.68,0:12:07.57,Default,,0000,0000,0000,,Guido, you mentioned in passing \Nhow working with Josh
Dialogue: 0,0:12:07.57,0:12:10.27,Default,,0000,0000,0000,,has influenced how you do research,
Dialogue: 0,0:12:10.27,0:12:11.88,Default,,0000,0000,0000,,could you say a little more \Nabout that?
Dialogue: 0,0:12:11.88,0:12:13.80,Default,,0000,0000,0000,,I'd also be interested \Nto hear from Josh,
Dialogue: 0,0:12:14.67,0:12:16.73,Default,,0000,0000,0000,,did working with Guido influence \Nthe way that you do research?
Dialogue: 0,0:12:16.73,0:12:19.46,Default,,0000,0000,0000,,- [Guido] Nowadays, I'm much \Nmore conscious of the fact that,
Dialogue: 0,0:12:20.62,0:12:21.99,Default,,0000,0000,0000,,for me, good economic research
Dialogue: 0,0:12:21.99,0:12:25.27,Default,,0000,0000,0000,,comes out of talking to people \Ndoing empirical work,
Dialogue: 0,0:12:25.60,0:12:29.30,Default,,0000,0000,0000,,and it's really not reading \Neconometrica
Dialogue: 0,0:12:30.02,0:12:31.42,Default,,0000,0000,0000,,or the reading the stats journals,
Dialogue: 0,0:12:31.42,0:12:34.55,Default,,0000,0000,0000,,but it's actually talking to people\Ndoing empirical work,
Dialogue: 0,0:12:34.55,0:12:37.03,Default,,0000,0000,0000,,going to the empirical seminars.
Dialogue: 0,0:12:38.77,0:12:40.40,Default,,0000,0000,0000,,When I was at Berkeley,
Dialogue: 0,0:12:41.25,0:12:44.17,Default,,0000,0000,0000,,David Carr and Raj Chetty, \Nas colleagues there
Dialogue: 0,0:12:44.78,0:12:46.70,Default,,0000,0000,0000,,and I would talk to them \Nand listen to them,
Dialogue: 0,0:12:46.90,0:12:48.20,Default,,0000,0000,0000,,trying to figure out
Dialogue: 0,0:12:48.60,0:12:53.53,Default,,0000,0000,0000,,how are they solving their problems\Nand other things there
Dialogue: 0,0:12:53.53,0:12:57.11,Default,,0000,0000,0000,,where I'm not really quite happy \Nwith the way they're doing things
Dialogue: 0,0:12:57.11,0:13:01.10,Default,,0000,0000,0000,,and trying to look for \Nmethodological problems,
Dialogue: 0,0:13:02.71,0:13:07.53,Default,,0000,0000,0000,,where there's some more \Ngeneral solutions possible.
Dialogue: 0,0:13:07.90,0:13:11.70,Default,,0000,0000,0000,,I tried to tell it to my students\Nthat I encourage them to work
Dialogue: 0,0:13:11.70,0:13:13.20,Default,,0000,0000,0000,,as research assistants also,
Dialogue: 0,0:13:13.20,0:13:18.70,Default,,0000,0000,0000,,for the people doing empirical work\Nat Stanford.
Dialogue: 0,0:13:19.70,0:13:21.92,Default,,0000,0000,0000,,There was no subbing what I learned\Nwhile I was in graduate school,
Dialogue: 0,0:13:21.92,0:13:25.60,Default,,0000,0000,0000,,but it really came out of \Nworking with Josh,
Dialogue: 0,0:13:25.60,0:13:26.99,Default,,0000,0000,0000,,as well as talking to Gary,
Dialogue: 0,0:13:26.99,0:13:30.37,Default,,0000,0000,0000,,Gary was always encouraging \Nof doing that
Dialogue: 0,0:13:30.37,0:13:31.86,Default,,0000,0000,0000,,and because he done that himself,
Dialogue: 0,0:13:31.86,0:13:36.21,Default,,0000,0000,0000,,he'd worked with on empirical \Nproblems with Zvi Griliches
Dialogue: 0,0:13:37.81,0:13:39.50,Default,,0000,0000,0000,,early in his career.
Dialogue: 0,0:13:39.50,0:13:40.50,Default,,0000,0000,0000,,Yeah.
Dialogue: 0,0:13:40.50,0:13:44.60,Default,,0000,0000,0000,,Well, I became more more interested\Nin the econometric theory
Dialogue: 0,0:13:45.41,0:13:47.10,Default,,0000,0000,0000,,through our interaction,
Dialogue: 0,0:13:47.10,0:13:51.96,Default,,0000,0000,0000,,and I think empiricists are often \Nimpatient with econometric theory,
Dialogue: 0,0:13:51.96,0:13:55.04,Default,,0000,0000,0000,,partly because empirical work is\Nvery time-consuming,
Dialogue: 0,0:13:55.04,0:13:59.10,Default,,0000,0000,0000,,and you may have a sense \Nthat something is
Dialogue: 0,0:13:59.30,0:14:00.74,Default,,0000,0000,0000,,convincing and sensible
Dialogue: 0,0:14:00.74,0:14:04.10,Default,,0000,0000,0000,,and you haven't really fully \Nmade the case for that,
Dialogue: 0,0:14:04.10,0:14:05.10,Default,,0000,0000,0000,,but you're convinced
Dialogue: 0,0:14:05.10,0:14:07.00,Default,,0000,0000,0000,,and that motivates you \Nto pursue it,
Dialogue: 0,0:14:07.86,0:14:09.73,Default,,0000,0000,0000,,like the draft lottery story.
Dialogue: 0,0:14:10.60,0:14:12.44,Default,,0000,0000,0000,,I was pretty sure that was\Nworth doing
Dialogue: 0,0:14:14.42,0:14:19.61,Default,,0000,0000,0000,,and I came away from \Nworking with Guido
Dialogue: 0,0:14:19.61,0:14:22.35,Default,,0000,0000,0000,,seeing that there was \Nthe potential to say something
Dialogue: 0,0:14:22.73,0:14:25.22,Default,,0000,0000,0000,,more than just about \Nthat particular problem,
Dialogue: 0,0:14:26.56,0:14:29.31,Default,,0000,0000,0000,,and I think over the those early\Nyears in the 90s,
Dialogue: 0,0:14:31.60,0:14:33.36,Default,,0000,0000,0000,,our thinking evolved together
Dialogue: 0,0:14:33.36,0:14:35.50,Default,,0000,0000,0000,,that there's actually \Na framework here,
Dialogue: 0,0:14:35.50,0:14:37.27,Default,,0000,0000,0000,,a way to solve a lot of problems
Dialogue: 0,0:14:37.27,0:14:40.70,Default,,0000,0000,0000,,and I think that that is the power\Nof the LATE framework,
Dialogue: 0,0:14:40.70,0:14:42.63,Default,,0000,0000,0000,,is it answers a lot of questions.
Dialogue: 0,0:14:42.63,0:14:44.50,Default,,0000,0000,0000,,♪ [music] ♪
Dialogue: 0,0:14:44.50,0:14:46.30,Default,,0000,0000,0000,,- [Isaiah] In some sense, \Ndid you find that,
Dialogue: 0,0:14:46.30,0:14:48.56,Default,,0000,0000,0000,,email versus facts \Nversus in-person,
Dialogue: 0,0:14:48.56,0:14:51.46,Default,,0000,0000,0000,,the medium mattered\Nto how collaboration went
Dialogue: 0,0:14:51.46,0:14:53.19,Default,,0000,0000,0000,,or they're ways that you felt like
Dialogue: 0,0:14:53.19,0:14:54.76,Default,,0000,0000,0000,,it was the most useful \Nto collaborate?
Dialogue: 0,0:14:55.30,0:14:57.36,Default,,0000,0000,0000,,To me, I think \Nwhat matters most is,
Dialogue: 0,0:14:58.25,0:15:00.59,Default,,0000,0000,0000,,initially you have a period of--
Dialogue: 0,0:15:00.59,0:15:02.15,Default,,0000,0000,0000,,We needed that initial period,
Dialogue: 0,0:15:02.15,0:15:06.48,Default,,0000,0000,0000,,that was very intense with \Nalmost daily interaction
Dialogue: 0,0:15:06.48,0:15:08.36,Default,,0000,0000,0000,,and we also became friends.
Dialogue: 0,0:15:08.90,0:15:13.51,Default,,0000,0000,0000,,You don't develop the kind of \Nfriendship, electronically usually
Dialogue: 0,0:15:13.51,0:15:15.00,Default,,0000,0000,0000,,[laughter]
Dialogue: 0,0:15:15.00,0:15:18.73,Default,,0000,0000,0000,,but once you have that foundation \Nyou can be pen pals
Dialogue: 0,0:15:19.30,0:15:24.31,Default,,0000,0000,0000,,and we did use email, \Nthough it wasn't as useful then
Dialogue: 0,0:15:25.50,0:15:28.40,Default,,0000,0000,0000,,but it worked, \Nwe definitely had a lot of faxes.
Dialogue: 0,0:15:28.40,0:15:31.30,Default,,0000,0000,0000,,I still have these faxes, \Nlong faxes
Dialogue: 0,0:15:33.33,0:15:36.88,Default,,0000,0000,0000,,and then in the summer, \NI would come to Cambridge,
Dialogue: 0,0:15:36.88,0:15:40.30,Default,,0000,0000,0000,,usually to the NBR meetings \Nand hang around for a few weeks
Dialogue: 0,0:15:40.30,0:15:41.95,Default,,0000,0000,0000,,and you visited me in Israel.
Dialogue: 0,0:15:41.95,0:15:44.00,Default,,0000,0000,0000,,I visited in Israel.
Dialogue: 0,0:15:44.00,0:15:48.40,Default,,0000,0000,0000,,But yeah, there was good foundation\Nfrom that that year
Dialogue: 0,0:15:49.00,0:15:51.10,Default,,0000,0000,0000,,and in some sense that was enough.
Dialogue: 0,0:15:51.80,0:15:53.30,Default,,0000,0000,0000,,Nowadays,
Dialogue: 0,0:15:53.30,0:15:56.60,Default,,0000,0000,0000,,I have the co-authors\Nin lots of different places,
Dialogue: 0,0:15:56.60,0:15:59.10,Default,,0000,0000,0000,,but it's always been important
Dialogue: 0,0:15:59.10,0:16:01.38,Default,,0000,0000,0000,,to spend some time with people \Nin the same place,
Dialogue: 0,0:16:01.38,0:16:04.90,Default,,0000,0000,0000,,so you understand how they work, \Nhow they think,
Dialogue: 0,0:16:05.80,0:16:07.35,Default,,0000,0000,0000,,even to the point that,
Dialogue: 0,0:16:07.35,0:16:08.49,Default,,0000,0000,0000,,you know when \Nthey actually respond,
Dialogue: 0,0:16:08.49,0:16:10.27,Default,,0000,0000,0000,,whether they respond quickly \Nor whether that means,
Dialogue: 0,0:16:10.27,0:16:11.71,Default,,0000,0000,0000,,they're not actually doing anything
Dialogue: 0,0:16:11.71,0:16:15.10,Default,,0000,0000,0000,,or that mean they're thinking hard \Nabout a problem
Dialogue: 0,0:16:15.10,0:16:17.30,Default,,0000,0000,0000,,and they just take longer,
Dialogue: 0,0:16:18.02,0:16:21.71,Default,,0000,0000,0000,,but you do need to\Ndevelop some understanding there.
Dialogue: 0,0:16:21.71,0:16:23.81,Default,,0000,0000,0000,,♪ [music] ♪
Dialogue: 0,0:16:23.81,0:16:26.90,Default,,0000,0000,0000,,- [Isaiah] We've talked about \Nhow your collaboration started,
Dialogue: 0,0:16:26.90,0:16:31.00,Default,,0000,0000,0000,,maybe just to step back slightly,\Nwere they're sort of features about
Dialogue: 0,0:16:31.00,0:16:34.00,Default,,0000,0000,0000,,the environment at Harvard \Nor in Cambridge, at the time,
Dialogue: 0,0:16:34.00,0:16:35.98,Default,,0000,0000,0000,,which you felt contributed to it?
Dialogue: 0,0:16:36.29,0:16:37.92,Default,,0000,0000,0000,,Coming from Brown,
Dialogue: 0,0:16:37.92,0:16:42.17,Default,,0000,0000,0000,,I felt it was very intimidating place\Nbecause it clearly was a very, very
Dialogue: 0,0:16:43.50,0:16:45.20,Default,,0000,0000,0000,,impressive set of people.
Dialogue: 0,0:16:46.59,0:16:48.62,Default,,0000,0000,0000,,Zvi Griliches was there, \NDale Jorgensen--
Dialogue: 0,0:16:49.35,0:16:53.61,Default,,0000,0000,0000,,Gary, Jerry Hausman, Whitney Newey,\Nsometimes Jamie Robins.
Dialogue: 0,0:16:53.89,0:16:55.90,Default,,0000,0000,0000,,I mean, my view of that \Nin retrospect,
Dialogue: 0,0:16:55.90,0:16:58.00,Default,,0000,0000,0000,,I can't say I loved every\Nminute of every talk
Dialogue: 0,0:16:58.00,0:16:59.27,Default,,0000,0000,0000,,I ever gave in that Workshop,
Dialogue: 0,0:16:59.27,0:17:00.99,Default,,0000,0000,0000,,but that was the highest powered,
Dialogue: 0,0:17:00.99,0:17:02.67,Default,,0000,0000,0000,,that was the group \Nyou wanted to reach
Dialogue: 0,0:17:03.60,0:17:07.66,Default,,0000,0000,0000,,and you would get extraordinarily \Ninsightful feedback,
Dialogue: 0,0:17:07.66,0:17:10.60,Default,,0000,0000,0000,,even if it wasn't always \Neasy to swallow.
Dialogue: 0,0:17:11.30,0:17:12.50,Default,,0000,0000,0000,,Yeah, and I have for a while,
Dialogue: 0,0:17:12.50,0:17:15.94,Default,,0000,0000,0000,,I would basically give \Na talk every semester
Dialogue: 0,0:17:15.94,0:17:19.00,Default,,0000,0000,0000,,because we didn't have any money\Nto invite people.
Dialogue: 0,0:17:19.71,0:17:22.00,Default,,0000,0000,0000,,Gary would say, \N"Well, why don't you give a talk?"
Dialogue: 0,0:17:22.00,0:17:23.26,Default,,0000,0000,0000,,[laughter]
Dialogue: 0,0:17:26.80,0:17:30.76,Default,,0000,0000,0000,,That was the arena for young people\Nwith our interest.
Dialogue: 0,0:17:30.76,0:17:33.10,Default,,0000,0000,0000,,- [Guido] Yeah, it was really \Nvery impressive,
Dialogue: 0,0:17:33.10,0:17:35.45,Default,,0000,0000,0000,,but it was also quite tough--
Dialogue: 0,0:17:35.45,0:17:37.13,Default,,0000,0000,0000,,It was intimidating.
Dialogue: 0,0:17:37.80,0:17:41.00,Default,,0000,0000,0000,,People there had very strong\Nviews on what they thought was
Dialogue: 0,0:17:42.81,0:17:44.31,Default,,0000,0000,0000,,the way you should do econometrics,
Dialogue: 0,0:17:44.31,0:17:46.31,Default,,0000,0000,0000,,the way the direction \Nthings should go,
Dialogue: 0,0:17:49.34,0:17:51.71,Default,,0000,0000,0000,,now, I would think things were\Ngetting a little stale,
Dialogue: 0,0:17:51.71,0:17:55.55,Default,,0000,0000,0000,,that in fact, we were bringing in \Na lot of the new ideas...
Dialogue: 0,0:17:55.55,0:17:57.00,Default,,0000,0000,0000,,- [Josh] Yeah.
Dialogue: 0,0:17:57.00,0:18:01.53,Default,,0000,0000,0000,,...and that wasn't necessary\Nimmediately appreciated.
Dialogue: 0,0:18:01.53,0:18:02.53,Default,,0000,0000,0000,,[laughter]
Dialogue: 0,0:18:02.53,0:18:04.30,Default,,0000,0000,0000,,- [Josh] But that's okay.\N- And that's fine.
Dialogue: 0,0:18:04.30,0:18:07.73,Default,,0000,0000,0000,,We were pushed \Nand a lot of great discussions
Dialogue: 0,0:18:07.73,0:18:12.89,Default,,0000,0000,0000,,in that workshop about \Nwhat should we make of LATE
Dialogue: 0,0:18:12.89,0:18:15.69,Default,,0000,0000,0000,,but there were other questions\Nthat were just as interesting,
Dialogue: 0,0:18:15.69,0:18:18.27,Default,,0000,0000,0000,,like the role of \Nthe propensity score,
Dialogue: 0,0:18:18.27,0:18:20.68,Default,,0000,0000,0000,,that was a big deal in the 90s
Dialogue: 0,0:18:20.69,0:18:24.30,Default,,0000,0000,0000,,and econometrics was \Nmoving towards that
Dialogue: 0,0:18:25.00,0:18:27.55,Default,,0000,0000,0000,,and there were a lot \Nof great questions.
Dialogue: 0,0:18:27.55,0:18:28.79,Default,,0000,0000,0000,,Yeah,
Dialogue: 0,0:18:29.43,0:18:32.81,Default,,0000,0000,0000,,I learned a huge amount\Nthere from the time I spent--
Dialogue: 0,0:18:32.81,0:18:34.76,Default,,0000,0000,0000,,- [Josh] I think the other thing \Nthat Guido and I
Dialogue: 0,0:18:34.76,0:18:36.80,Default,,0000,0000,0000,,both benefited from is we both,
Dialogue: 0,0:18:37.40,0:18:39.81,Default,,0000,0000,0000,,not at the same time, but in\Nearly in our careers,
Dialogue: 0,0:18:39.81,0:18:42.40,Default,,0000,0000,0000,,taught econometrics \Nwith Gary Chamberlain,
Dialogue: 0,0:18:43.20,0:18:46.50,Default,,0000,0000,0000,,and that was like an\Napprenticeship for us, I think.
Dialogue: 0,0:18:46.80,0:18:50.53,Default,,0000,0000,0000,,I taught a mixed graduate,\Nundergrad 1126,
Dialogue: 0,0:18:50.53,0:18:52.08,Default,,0000,0000,0000,,I don't know if they still have \Nthat number...
Dialogue: 0,0:18:52.08,0:18:53.50,Default,,0000,0000,0000,,- [Isaiah] Mmhmm, they do.
Dialogue: 0,0:18:53.50,0:18:55.48,Default,,0000,0000,0000,,...very interesting course \Nthat it had
Dialogue: 0,0:18:55.48,0:18:57.88,Default,,0000,0000,0000,,both graduate and undergraduate \Nenrollment
Dialogue: 0,0:18:58.80,0:19:02.87,Default,,0000,0000,0000,,and it was relatively applied for \Nan econometrics class,
Dialogue: 0,0:19:03.27,0:19:06.54,Default,,0000,0000,0000,,and I learned a lot by teaching \Nthat with Gary.
Dialogue: 0,0:19:07.50,0:19:11.62,Default,,0000,0000,0000,,But in that sense, \NHarvard was a great place,
Dialogue: 0,0:19:11.99,0:19:13.21,Default,,0000,0000,0000,,very flexible there.
Dialogue: 0,0:19:13.60,0:19:15.88,Default,,0000,0000,0000,,The other thing I remember \Nabout Harvard is,
Dialogue: 0,0:19:16.71,0:19:18.61,Default,,0000,0000,0000,,well I had very good students,
Dialogue: 0,0:19:20.30,0:19:22.67,Default,,0000,0000,0000,,I taught a lot of \Nwonderful students
Dialogue: 0,0:19:22.67,0:19:24.100,Default,,0000,0000,0000,,who went on to have \Nwonderful careers.
Dialogue: 0,0:19:26.30,0:19:28.35,Default,,0000,0000,0000,,Also, Harvard as an institution,
Dialogue: 0,0:19:28.35,0:19:31.40,Default,,0000,0000,0000,,you're probably are aware of this, \NIsaiah,
Dialogue: 0,0:19:31.40,0:19:35.35,Default,,0000,0000,0000,,as a junior faculty member, \Nthey didn't then ask much of us,
Dialogue: 0,0:19:35.35,0:19:37.14,Default,,0000,0000,0000,,other than teaching our classes.
Dialogue: 0,0:19:37.64,0:19:40.73,Default,,0000,0000,0000,,We didn't have administrative concerns,\Nto speak of.
Dialogue: 0,0:19:41.30,0:19:43.76,Default,,0000,0000,0000,,I think I went to two \Nfaculty meetings
Dialogue: 0,0:19:43.76,0:19:45.36,Default,,0000,0000,0000,,in my two years at Harvard
Dialogue: 0,0:19:46.60,0:19:48.94,Default,,0000,0000,0000,,and so we're left--
Dialogue: 0,0:19:50.92,0:19:53.40,Default,,0000,0000,0000,,You were given a lot of freedom \Nand flexibility.
Dialogue: 0,0:19:54.74,0:19:58.02,Default,,0000,0000,0000,,I went to the chair said, \N"Can I teach this course with Rubin?"
Dialogue: 0,0:19:59.62,0:20:04.13,Default,,0000,0000,0000,,I think it was Friedman\Nat the time. It was like, "Fine."
Dialogue: 0,0:20:05.20,0:20:09.19,Default,,0000,0000,0000,,It wasn't really any concern about \Nwhat what it was about
Dialogue: 0,0:20:09.19,0:20:11.79,Default,,0000,0000,0000,,and again, that was a very \Nintimidating experience,
Dialogue: 0,0:20:11.79,0:20:13.35,Default,,0000,0000,0000,,but it was a great experience.
Dialogue: 0,0:20:13.35,0:20:14.38,Default,,0000,0000,0000,,♪ [music] ♪
Dialogue: 0,0:20:14.38,0:20:15.62,Default,,0000,0000,0000,,- [Narrator] If you'd like to \Nwatch more
Dialogue: 0,0:20:15.62,0:20:17.94,Default,,0000,0000,0000,,Nobel Conversations, \Nclick here,
Dialogue: 0,0:20:18.20,0:20:20.52,Default,,0000,0000,0000,,or if you'd like to learn more \Nabout econometrics,
Dialogue: 0,0:20:20.52,0:20:23.29,Default,,0000,0000,0000,,check out Josh's \N"Mastering Econometrics" series.
Dialogue: 0,0:20:23.84,0:20:26.71,Default,,0000,0000,0000,,If you'd like to learn more about \NGuido, Josh, and Isaiah,
Dialogue: 0,0:20:26.71,0:20:28.51,Default,,0000,0000,0000,,check out the links \Nin the description.
Dialogue: 0,0:20:28.51,0:20:30.35,Default,,0000,0000,0000,,♪ [music] ♪