S4E8: Regression Discontinuity and Difference-in-Differences with Dr. Usama Bilal

In this episode we talk to Dr. Usama Bilal of Drexel University about Regression Discontinuity Design (RDD) and Difference-in-Differences (DiD), two quasi experimental methods that fall under the instrumental variables framework which we discussed in previous episodes. We talk about what RDD is, the different types (fuzzy vs sharp) and what we are actually estimating (LATE vs CACE). We talk about the bias vs variance tradeoff in how far from the threshold we choose to draw inferences. We talk about the assumptions that are needed for these methods to give valid estimate of effects. Then we talk about DiD and how this is a form of RDD with a second group that does not experience the discontinuity as a control. And we talk about the additional assumptions needed for this approach (e.g. parallel trends).