[Script Info] Title: [Events] Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text Dialogue: 0,0:00:00.40,0:00:02.65,Default,,0000,0000,0000,,- [Narrator]\NIf I master econometrics, Dialogue: 0,0:00:02.65,0:00:04.61,Default,,0000,0000,0000,,what jobs can I get? Dialogue: 0,0:00:05.51,0:00:06.68,Default,,0000,0000,0000,,- [Josh] Our students, Dialogue: 0,0:00:06.68,0:00:10.20,Default,,0000,0000,0000,,both undergraduate,\Nmaster's, and Ph.D. students, Dialogue: 0,0:00:10.20,0:00:12.44,Default,,0000,0000,0000,,have a very robust job market. Dialogue: 0,0:00:12.44,0:00:14.70,Default,,0000,0000,0000,,The traditional\Nnon-academic job market Dialogue: 0,0:00:14.70,0:00:18.42,Default,,0000,0000,0000,,for an economics major\Nwith quantitative skills Dialogue: 0,0:00:18.42,0:00:21.91,Default,,0000,0000,0000,,is kind of consulting,\Nalso finance. Dialogue: 0,0:00:21.91,0:00:25.71,Default,,0000,0000,0000,,What's happened\Nin the last 10 or 15 years Dialogue: 0,0:00:25.71,0:00:28.06,Default,,0000,0000,0000,,is this new sector has opened up. Dialogue: 0,0:00:28.06,0:00:30.71,Default,,0000,0000,0000,,Some people call it\Nthe Silicon Valley sector. Dialogue: 0,0:00:30.71,0:00:35.84,Default,,0000,0000,0000,,Google, Facebook,\NUber, Netflix, Amazon -- Dialogue: 0,0:00:36.54,0:00:39.17,Default,,0000,0000,0000,,they're hiring economists Dialogue: 0,0:00:39.17,0:00:42.39,Default,,0000,0000,0000,,with, again, quantitative skills\Nfor the most part, Dialogue: 0,0:00:42.39,0:00:45.27,Default,,0000,0000,0000,,not necessarily\Ncard-carrying econometricians, Dialogue: 0,0:00:45.27,0:00:48.67,Default,,0000,0000,0000,,but people who are good with data\Nand trained with data. Dialogue: 0,0:00:48.67,0:00:51.08,Default,,0000,0000,0000,,What's new about, say, Amazon, Dialogue: 0,0:00:51.63,0:00:54.50,Default,,0000,0000,0000,,as opposed to some\Nof these other employers Dialogue: 0,0:00:54.50,0:00:56.29,Default,,0000,0000,0000,,that have been around\Nfor a long time, Dialogue: 0,0:00:56.29,0:00:58.74,Default,,0000,0000,0000,,is Amazon is asking fairly narrow Dialogue: 0,0:00:58.74,0:01:02.83,Default,,0000,0000,0000,,but very clearly causal questions\Nabout their own world. Dialogue: 0,0:01:02.83,0:01:04.62,Default,,0000,0000,0000,,They have the data to answer them, Dialogue: 0,0:01:04.62,0:01:06.68,Default,,0000,0000,0000,,and they're prepared\Nto run experiments. Dialogue: 0,0:01:06.68,0:01:10.02,Default,,0000,0000,0000,,I now have three Ph.D. students\Nworking at Amazon. Dialogue: 0,0:01:10.87,0:01:16.06,Default,,0000,0000,0000,,It's apparently not okay\Nfor them to talk in any detail Dialogue: 0,0:01:16.06,0:01:17.64,Default,,0000,0000,0000,,about what they do there. Dialogue: 0,0:01:17.64,0:01:19.47,Default,,0000,0000,0000,,So when I asked them,\N"What are you up to?" Dialogue: 0,0:01:19.47,0:01:22.24,Default,,0000,0000,0000,,they say, "We're running\Nexperiments." Dialogue: 0,0:01:22.24,0:01:24.19,Default,,0000,0000,0000,,♪ [music] ♪ Dialogue: 0,0:01:24.19,0:01:26.40,Default,,0000,0000,0000,,- [Narrator] Ready\Nto master econometrics? Dialogue: 0,0:01:26.40,0:01:29.11,Default,,0000,0000,0000,,Click here to embark\Non an educational journey Dialogue: 0,0:01:29.11,0:01:33.47,Default,,0000,0000,0000,,with Josh Angrist,\Naka Master Joshway. Dialogue: 0,0:01:33.47,0:01:36.55,Default,,0000,0000,0000,,Or if you'd like to watch more\Nfrom this interview series, Dialogue: 0,0:01:36.55,0:01:37.78,Default,,0000,0000,0000,,click here. Dialogue: 0,0:01:38.20,0:01:40.59,Default,,0000,0000,0000,,♪ [music] ♪