Tag: randomized controlled tests

  • Instead of a Gold Standard, a Sanity Clause

    Ten years ago, Princeton University economist Angus Deaton used his Keynes Lecture to the British Academy to sound a note of caution about the new New Thing in development economics: the randomized controlled trial (RCT), or field experiment. ┬áHe recounted the general frustration with the failure of traditional econometric methods to swiftly unlock the secrets…