WARP Explained in 10 Minutes
9:52
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@Bill_in_your_econ_models
@Bill_in_your_econ_models 10 сағат бұрын
Nice cat cam! Also glad you are doing econometrics content and can't wait for properties of estimators!
@InCaseofEconStruggles
@InCaseofEconStruggles 10 сағат бұрын
Thanks Bill! Since you’ve commented so much when I stream I’ll see if I can gift you a free month of membership to my channel if you join the stream!
@changgeunsong8359
@changgeunsong8359 Күн бұрын
WOW. I thought I had learned all things wrong in my undergrad and grad years.
@InCaseofEconStruggles
@InCaseofEconStruggles Күн бұрын
Make sure you check out the updated warp video or read the comment I pinned explaining the error in this video and what the correction is please!
@changgeunsong8359
@changgeunsong8359 Күн бұрын
@@InCaseofEconStruggles I already checked out and gave 'like' on that video. I appreciate you to make me open microeconomics textbook and reminisce my old days.
@InCaseofEconStruggles
@InCaseofEconStruggles Күн бұрын
@changgeunsong8359 awesome thank you I really appreciate the support! The comments and likes both really help new people find these videos!
@Catmandugurung
@Catmandugurung 5 күн бұрын
Good stuff
@InCaseofEconStruggles
@InCaseofEconStruggles 5 күн бұрын
Thank you for the comment! I’m glad it was helpful and the comment really helps me out and more people to find this video!
@ladoputi-n8j
@ladoputi-n8j 5 күн бұрын
Thank you , super helpful
@InCaseofEconStruggles
@InCaseofEconStruggles 5 күн бұрын
I’m really glad it was helpful! This comment really helps other people find this video so I really appreciate it!
@AZIZAdams-s9c
@AZIZAdams-s9c 5 күн бұрын
Thanks for sharing. Great videos! How about a command to estimate CRRA risk parameter (sigma) using survey lotteries on risky and safe payoffs Stata?
@InCaseofEconStruggles
@InCaseofEconStruggles 5 күн бұрын
Thank you for the comment! That is not really my specialty but if you come up with one I’m happy to test it and talk about it here!
@NG_GN
@NG_GN 6 күн бұрын
Thank you for doing the econometric related videos!
@InCaseofEconStruggles
@InCaseofEconStruggles 6 күн бұрын
I know it’s not as advanced as you’re looking for yet but I appreciate you being patient! Some probability theory to build towards estimator properties is in the works!
@leo-dn1ek
@leo-dn1ek 8 күн бұрын
You're a life saver, thank you so much!
@InCaseofEconStruggles
@InCaseofEconStruggles 8 күн бұрын
I’m so glad this is helpful! Your comment really helps me and others to find these videos so I really appreciate it!
@RunjhunTiwari-k8b
@RunjhunTiwari-k8b 11 күн бұрын
Thank you so much. Your videos really explain us well ❤️‍🩹
@InCaseofEconStruggles
@InCaseofEconStruggles 11 күн бұрын
I’m really glad it was helpful and I really appreciate the comment! Comments and likes really help push my video to more people who could benefit from it!
@luluzuzu10
@luluzuzu10 11 күн бұрын
very helpful; thank you! Subscribed!
@InCaseofEconStruggles
@InCaseofEconStruggles 11 күн бұрын
I glad it was helpful the comment and subscription both will help more people find these videos so I appreciate it!!
@giorgos95962
@giorgos95962 15 күн бұрын
dont we need to use second order derivatives to say that the C.P is a min/max/global min/global max etc???
@InCaseofEconStruggles
@InCaseofEconStruggles 15 күн бұрын
You can use a second order derivative to confirm that it is yes I’m relying on the shape of the curve/intuition since generally in economics we don’t do second derivative tests for utility maximization etc. But strictly mathematically speaking yes you would need those tests you are correct! Good point!
@gopalkrishnachodnekar6469
@gopalkrishnachodnekar6469 24 күн бұрын
You are amazing.... make this concept easier than actual originator....
@InCaseofEconStruggles
@InCaseofEconStruggles 24 күн бұрын
I’m really glad this was helpful and made it more clear! Feel free to share with classmates and I really appreciate you taking the time to leave a comment!
@lilducky-chan4116
@lilducky-chan4116 26 күн бұрын
Thanks ill check it out :D
@InCaseofEconStruggles
@InCaseofEconStruggles 26 күн бұрын
Great! Feel free to let me know if any videos in particular are helpful!
@lilducky-chan4116
@lilducky-chan4116 26 күн бұрын
@ ok! 👌
@TheRealRoni16
@TheRealRoni16 27 күн бұрын
Fantastic video!
@InCaseofEconStruggles
@InCaseofEconStruggles 27 күн бұрын
I’m really glad it was helpful thank you so much for the comment!
@InCaseofEconStruggles
@InCaseofEconStruggles 28 күн бұрын
So far it seems econometrics and intermediate macro are the leaders! With some advanced micro worked in as well. Voting ends this Friday so I can start planning content!
@ayushnegi06
@ayushnegi06 28 күн бұрын
hey man, thank you so much for this :) I don't why I was confused on this topic earlier lol, seems easy after this video
@InCaseofEconStruggles
@InCaseofEconStruggles 28 күн бұрын
No worries! It is a bit confusing but I’m glad this video helped and I super appreciate you leaving a comment!
@ladoputi-n8j
@ladoputi-n8j 29 күн бұрын
3 for sure , 2 option would be the best option out of all if it covers more advance content instead of just intro and Thank you for doing this
@NG_GN
@NG_GN 29 күн бұрын
Yes advance course is what we need and advanced econometrics course would be great as well
@InCaseofEconStruggles
@InCaseofEconStruggles 29 күн бұрын
Awesome thank you for voting!
@InCaseofEconStruggles
@InCaseofEconStruggles 29 күн бұрын
@NG_GN awesome thank you for voting!
@InCaseofEconStruggles
@InCaseofEconStruggles 11 күн бұрын
I just posted in my community tab asking for some clarity on what would be helpful! Would you please go take a look?
@vishnusuraj9704
@vishnusuraj9704 29 күн бұрын
2, 3, 4
@InCaseofEconStruggles
@InCaseofEconStruggles 29 күн бұрын
Great, thank you for voting!
@julievoyron4947
@julievoyron4947 29 күн бұрын
Hello! Thank you for your video! I wonder: you are estimating the 1st stage with an OLS, but I think the coefficients might slightly differ with the "real" first stage estimated with ivreg2 (?). Do you think it's possible to just retrieve the first stage coming from the ivreg2 command?
@InCaseofEconStruggles
@InCaseofEconStruggles 29 күн бұрын
Yes I have an updated video where I do that! I’ll link it below
@InCaseofEconStruggles
@InCaseofEconStruggles 29 күн бұрын
Easily Report IV First Stage F Stat using Estat | Sunday Stata Tips kzbin.info/www/bejne/d6K3k4yAZch-rK8
@karansehgal1351
@karansehgal1351 29 күн бұрын
Options 2 and 4
@InCaseofEconStruggles
@InCaseofEconStruggles 29 күн бұрын
Great, thank you for voting!
@InCaseofEconStruggles
@InCaseofEconStruggles 11 күн бұрын
Can you check out my community page and respond to my request for more concrete econometrics concepts that would be helpful please?
@atharvahatkar9544
@atharvahatkar9544 29 күн бұрын
Subscribed !
@InCaseofEconStruggles
@InCaseofEconStruggles 29 күн бұрын
I’m so glad this was helpful thank you for leaving a comment I really appreciate it!
@SaiLakshmiC-e2p
@SaiLakshmiC-e2p Ай бұрын
You are a lifesaver, sir. Thank you so much for such a great explanation!
@InCaseofEconStruggles
@InCaseofEconStruggles Ай бұрын
I’m glad it was helpful thank you for the comment!
@maximrahman
@maximrahman Ай бұрын
Great that you explained the graph and in such details 👏
@InCaseofEconStruggles
@InCaseofEconStruggles Ай бұрын
Thank you so much I really appreciate the comment and I’m glad it was helpful!
@Sam7818-r1e
@Sam7818-r1e Ай бұрын
this video really helped me with MWG Ch5
@InCaseofEconStruggles
@InCaseofEconStruggles Ай бұрын
I’m really glad to that and appreciate the comment that was the goal! And what this video is based on!
@britonnestor1912
@britonnestor1912 Ай бұрын
Hi! Am looking for Placebo tests in panel in stata command. Thanks
@InCaseofEconStruggles
@InCaseofEconStruggles Ай бұрын
There’s no canned stata command just use a stata regression with a placebo outcome or treatment!
@michael.cfa7
@michael.cfa7 Ай бұрын
Thank you!
@InCaseofEconStruggles
@InCaseofEconStruggles Ай бұрын
Im so glad this was helpful thank you for leaving a comment!
@CrazySnake98
@CrazySnake98 Ай бұрын
Thanks, very helpful videos :)
@InCaseofEconStruggles
@InCaseofEconStruggles Ай бұрын
I’m really glad the video was helpful and the comment is really helpful so more people find these videos! Thank you!
@ethannidam2062
@ethannidam2062 Ай бұрын
at 3:01 why is it that you representing n as 30, did you make a mistake and it should be 30 ?
@InCaseofEconStruggles
@InCaseofEconStruggles Ай бұрын
It should match the prior video on NPV sorry about that
@JackStockfish-t9k
@JackStockfish-t9k Ай бұрын
thank you so much. Really helped.
@InCaseofEconStruggles
@InCaseofEconStruggles Ай бұрын
I’m really glad this was helpful and I appreciate you leaving a comment!
@alicerrias5559
@alicerrias5559 Ай бұрын
very useful! Thank you so much for the wonderful video!
@InCaseofEconStruggles
@InCaseofEconStruggles Ай бұрын
I’m really glad it was useful thank you so much for the comment!
@michael.cfa7
@michael.cfa7 Ай бұрын
Thank you so much!
@InCaseofEconStruggles
@InCaseofEconStruggles Ай бұрын
I’m glad it was helpful and thank you for leaving a comment!
@soon6464
@soon6464 Ай бұрын
question: old bundle (24,40), new bundle (20,60) old price (50,20), new price (80,25) chosen: old bundle+old price , new bundle+new price is there violation of warp in this question? because old price+new bundle was unaffordable so it wasn't chosen, but new price+old bundle is now affordable
@InCaseofEconStruggles
@InCaseofEconStruggles Ай бұрын
Based on those prices we would assume that the money you had to spend increases from the old period to the new period because the new bundle at the new prices costs more than the old bundle at the old prices exactly as you point out so this is not a warp violation. Good question though!
@soon6464
@soon6464 Ай бұрын
@ thanks it helps a lot😁
@InCaseofEconStruggles
@InCaseofEconStruggles Ай бұрын
Awesome I’m glad that helped!
@bob4billion698
@bob4billion698 Ай бұрын
terrible explanation
@InCaseofEconStruggles
@InCaseofEconStruggles Ай бұрын
I’m sorry to hear this wasn’t helpful. Was there anything in particular that was confusing or you wish was explained better or just overall didn’t help you that much?
@TommysLabHours
@TommysLabHours 2 ай бұрын
Every modern masters/phd macro professor should skip their lectures on Bellmans and link to this video instead! so clear and concise, thank you!
@InCaseofEconStruggles
@InCaseofEconStruggles 2 ай бұрын
I’m really glad you found this helpful! Feel free to share this video and my channel with classmates or other professors as resources for students!
@bap8247
@bap8247 2 ай бұрын
Hello! When I solve for q1* I get (a-c)/3b, could you clarify this please?
@InCaseofEconStruggles
@InCaseofEconStruggles 2 ай бұрын
Let me double check my math and get back to you. In the meantime does the conceptual aspect make sense or is that also something you’re unsure about?
@InCaseofEconStruggles
@InCaseofEconStruggles 2 ай бұрын
Could you clarify where in your math we don’t align so I can better help you?
@chinhhoang454
@chinhhoang454 2 ай бұрын
This keeps getting better and better. Thank you so much and please keep up!
@InCaseofEconStruggles
@InCaseofEconStruggles 2 ай бұрын
I’m glad it’s helpful please feel free to share with others in your program!
@chinhhoang454
@chinhhoang454 2 ай бұрын
Thank you! this helps me a lot as a 1st year PhD student
@InCaseofEconStruggles
@InCaseofEconStruggles 2 ай бұрын
I’m so glad this was helpful and thank you so much for leaving a comment!
@HenryMorfit
@HenryMorfit 2 ай бұрын
Saving my ass for my quiz tomorrow for my econ class at princeton
@InCaseofEconStruggles
@InCaseofEconStruggles 2 ай бұрын
I’m glad you found these videos helpful and I appreciate you leaving a comment!
@ljubennajdovski9267
@ljubennajdovski9267 2 ай бұрын
Thank you king!
@InCaseofEconStruggles
@InCaseofEconStruggles 2 ай бұрын
Thank you for the comment I’m glad it was helpful!
@FZS309
@FZS309 2 ай бұрын
Requesting a video lesson on Computable General Equilibrium
@InCaseofEconStruggles
@InCaseofEconStruggles 2 ай бұрын
I’ll add it to my list! Thanks for the suggestion/request!
@Dreamclose
@Dreamclose 2 ай бұрын
Okay i like it
@InCaseofEconStruggles
@InCaseofEconStruggles 2 ай бұрын
Thank you for the comment I appreciate it and I’m glad this video was helpful!
@DrakeAdams-ni2zd
@DrakeAdams-ni2zd 2 ай бұрын
Your graphical depiction of the substitution effect is wrong. The substitution effect records changes in relative prices and how that affects the cheapest bundle which reaches the same original utility. Because relative prices are changing, the slope of budget constraint should change. Because we we want to be at the same utility, the budget constraint should be shifted to be tangent with the original indifference curve. Substitution effect is concerned with expenditure minimization at a certain utility and prices. The income effect, on the other hand, records how the optimal bundle changes with changes in real income / wealth. While this could be changes in relative prices, it could also be proportional changes in prices. If we want to isolate income effect though, we focus only on proportional changes in prices. Graphically the income effect shows how making any change to the budget line (slope or parallel shift) affects the utility maximizing bundle (therefore utility can change therefore we can intersect a difference indifference curve). Income effect is concerned with utility maximization at a certain wealth and prices.
@InCaseofEconStruggles
@InCaseofEconStruggles 2 ай бұрын
I agree with your written description of the substitution versus income effect and how they should be depicted on this graph, and agree I don't make that clear in the video. Thank you for catching that! I have pinned your comment so that others can read this until I can upload an updated video where I make sure my explanation is clear and correct. Thank you again for pointing this out!
@CasperMoes-vv2yl
@CasperMoes-vv2yl Ай бұрын
he just showed the slusky compensationg budget line
@InCaseofEconStruggles
@InCaseofEconStruggles Ай бұрын
Exactly that graph can get super confusing with so many lines but I am keeping both your comments pinned so that if others have similar confusion hopefully reading both your comments will help! Thank you both!
@carrie-xi5kw
@carrie-xi5kw 2 ай бұрын
Brilliant, clear, and applicable explanation. Thank you!!
@InCaseofEconStruggles
@InCaseofEconStruggles 2 ай бұрын
I’m so glad this was helpful thank you for leaving a comment!
@lucasdallaverde9009
@lucasdallaverde9009 2 ай бұрын
Great video!!!
@InCaseofEconStruggles
@InCaseofEconStruggles 2 ай бұрын
Thank you so much I’m glad this is helpful!
@BrownConnor
@BrownConnor 3 ай бұрын
explain better than my professor!
@InCaseofEconStruggles
@InCaseofEconStruggles 3 ай бұрын
I am glad this was helpful and I appreciate you leaving a comment!
@jimekx
@jimekx 3 ай бұрын
I'm not an econ student but i came across the term while trying to read a paper and you made it real easy to understand, thank you!
@InCaseofEconStruggles
@InCaseofEconStruggles 3 ай бұрын
I’m glad this was helpful for you and I really appreciate you leaving a comment, thank you!
@wosiknatalia4469
@wosiknatalia4469 3 ай бұрын
Sooo helpful, thank you!
@InCaseofEconStruggles
@InCaseofEconStruggles 3 ай бұрын
I’m glad it was helpful thank you for leaving a comment!
@wanokuni5548
@wanokuni5548 3 ай бұрын
How do we know that F H A E C G were affordable initially?
@InCaseofEconStruggles
@InCaseofEconStruggles 3 ай бұрын
That is exactly the issue! I posted an updated warp video (it’s currently the newest video) and I will drop a link below where I corrected that error. Im glad you were able to see that
@InCaseofEconStruggles
@InCaseofEconStruggles 3 ай бұрын
Here is the updated version: kzbin.info/www/bejne/oZnTnZ58nKmkqq8
@wanokuni5548
@wanokuni5548 3 ай бұрын
​@@InCaseofEconStruggles Thank you for the clarification
@juanmanuellunalopez6956
@juanmanuellunalopez6956 3 ай бұрын
This is great, thanks!
@InCaseofEconStruggles
@InCaseofEconStruggles 3 ай бұрын
I’m glad this was helpful thank you for leaving a comment