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D**N
Good Book with a Serious Problem
This is quite a good book with lots of interesting information and helpful Stata code. However, it has one serious flaw that seems to have been carried over from Jones' book "Applied Econometrics for Health Economists". That is, the present book makes extensive use of data from surveys. These surveys incorporate stratification, clustering, and -- presumably -- unequal probabilities of selection. Rather than taking the design characteristics into account, Jones and his coauthors analyze this data as if it came from a simple random sample. As a result, the estimates they derive are likely to be biased, with overstated significance levels. This is a shame, since it is quite easy in Stata to adjust estimates for the characteristics of sample design.
M**I
Excellent for non-health economists
An applied texts, easy understandable for non-health econometricians. Given no background of health economics, the sequence of the topics covered seemed good.
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