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HERC Econometrics with Observational Data

Empirical Bayes

by David Chan, MD, PhD
Seminar date: 4/19/2023

Description: This seminar will provide an introduction to empirical Bayes. When we have a finite sample of observations and increasingly rich covariates, empirical Bayes provides a useful tool to form better policy-relevant predictions than those from standard regression methods. We will discuss the rationale behind empirical Bayes, connections with the machine learning literature, and illustrative examples from the applied economics literature.

Target Audience: Researchers who would like an introduction to econometric methods for observational studies in health services research. Seminar material will assume knowledge of basic probability and statistics and familiarity with linear regression.

View archived session video:

DOWNLOAD: PDF handout | Audio only (mp3) | transcript

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