Professional Documents
Culture Documents
Benefits and Limits of Randomization
Benefits and Limits of Randomization
RANDOMIZATION
2.4
Tailoring the evaluation to the question
Advantages
Collect specific data
Collaborative design and evaluation
Disadvantages?
Long term results emerge in the long run
Q: What approaches could give us long run results in the short run?
When is a randomized evaluation not useful?
When outcomes can only be measured at a very high level
Fixed vs. floating exchange rates
Freedom of the press
Crepon et al 2013
Ethical considerations: background
Belmont principles (and equivalent in other countries)
establish ethical rules for research. Include 3 key principles:
Respect for persons: participants should be informed of risks and
given a choice about participation
Benefice: the risks of research should be carefully weighed against the
benefits. Risks should be minimized
Justice: the people (and the type of people) who take the risks should
be those who benefit
Implications: approval for study
Many universities have Institutional Review Boards who
review all human subject research of students, faculty and
staff