Status Updates From Guide to Econometrics

i think the worst part about this is that im starting this willingly. as in, its not even a required reading just a recommended one.

"The study of econometrics revolves around how to generate a "good" or the "preferred" estimator in a given estimatin situation." [...] The ultimate choice of the "preferred" estimator, however, lies in the hands of the person doing the estimating, for it is her value judgments that determine which of these criteria is the most important."

"What distinguishes an econometrician from a statistician is the former´s preoccupation with problems caused by violations of statisticians´standard assumptions; owing to the nature of economic relationships and the lack of controlled experimentation, these assumptions are seldom met."

"What distinguishes an econometrician from a statistician is the former´s preocuppation with problems caused by violations of statisticians´standard assumptions; owing to the nature of economic relationships and the lack of controlled experimentation, these assumptions are seldom met."