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- [Narrator]
If I master econometrics,

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what jobs can I get?

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- [Josh] Our students,

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both undergraduate,
master's, and PhD students

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have a very robust job market.

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The traditional
non-academic job market

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for an economics major
with quantitative skills

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is kind of consulting,
also finance.

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What's happened
in the last 10 or 15 years

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is this new sector has opened up.

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Some people call it
the Silicon Valley sector.

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Google, Facebook,
Uber, Netflix, Amazon--

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they're hiring economists

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with, again, quantitative skills
for the most part,

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not necessarily
card-carrying econometricians,

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but people who are good with data
and trained with data.

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What's new about, say, Amazon,

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as opposed to some
of these other employers

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that have been around
for a long time,

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is Amazon is asking fairly narrow

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but very clearly causal questions
about their own world.

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They have the data to answer them,

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and they're prepared
to run experiments.

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I now have three PhD students
working at Amazon.

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It's apparently not okay
for them to talk in any detail

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about what they do there.

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So when I asked them,
"What are you up to?"

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they say, "We're running
experiments."

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♪ [music] ♪

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- [Narrator] Ready
to master econometrics?

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Click here to embark
on an educational journey

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with Josh Angrist,
aka Master Joshway.

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Or if you'd like to watch more
from this interview series,

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click here.

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♪ [music] ♪