The Nobel Prize in Economic Science Goes to Banerjee, Duflo, and Kremer
A Nobel for Randomistas H Peter Dorman:”On balance, I think it’s fine that this prize honors experimentalism, but we shouldn’t lose sight of the larger picture. Using experimental methods to incorporate more learning in program administration should be standard practice; perhaps some day it will be. But the big problems in poverty and oppression are too complex and encompassing to be reduced to experimental bits, and there is no substitute for theoretical analysis and a willingness to take chances with large-scale collective action.”
Chris Blattman on Randomized trials “Randomized trials will join the pantheon of mediocre methods at our disposal.”
A Nobel for Randomistas H Peter Dorman:”On balance, I think it’s fine that this prize honors experimentalism, but we shouldn’t lose sight of the larger picture. Using experimental methods to incorporate more learning in program administration should be standard practice; perhaps some day it will be. But the big problems in poverty and oppression are too complex and encompassing to be reduced to experimental bits, and there is no substitute for theoretical analysis and a willingness to take chances with large-scale collective action.”
Chris Blattman on Randomized trials “Randomized trials will join the pantheon of mediocre methods at our disposal.”
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