The method of randomization and the role of reasoned intuition
The method of randomization has been a major driver in the recent rise to prominence of empirical development economics. It has helped uncover patterns and facts that had earlier escaped attention. But it has also given rise to debate and controversy. This paper evaluates the method of randomization and concludes that, while the method of randomization is the gold standard for description, and does uncover what is here called'circumstantial causality,'it is not able to demonstrate generalized causality. Nor does it, in itself, lead to policy conclusions, as is often claimed by its advocates. To get to policy conclusions requires combining the findings of randomized experiments with human intuition, which, being founded in evolution, has innate strengths. Moreover, even non-randomized empirical methods combined with reasoned intuition can help in crafting development policy.
|Date of creation:||01 Dec 2013|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: (202) 477-1234
Web page: http://www.worldbank.org/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Manski, Charles F., 2013. "Public Policy in an Uncertain World: Analysis and Decisions," Economics Books, Harvard University Press, number 9780674066892.
- repec:cup:cbooks:9780521452175 is not listed on IDEAS
- Banerjee, Abhijit & Duflo, Esther, 2008.
"The Experimental Approach to Development Economics,"
CEPR Discussion Papers
7037, C.E.P.R. Discussion Papers.
- Abhijit V. Banerjee & Esther Duflo, 2009. "The Experimental Approach to Development Economics," Annual Review of Economics, Annual Reviews, vol. 1(1), pages 151-178, 05.
- Abhijit V. Banerjee & Esther Duflo, 2008. "The Experimental Approach to Development Economics," NBER Working Papers 14467, National Bureau of Economic Research, Inc.
- Angus Deaton, 2010.
"Instruments, randomization, and learning about development,"
1224, Princeton University, Woodrow Wilson School of Public and International Affairs, Research Program in Development Studies..
- Angus Deaton, 2010. "Instruments, Randomization, and Learning about Development," Journal of Economic Literature, American Economic Association, vol. 48(2), pages 424-55, June.
- Basu, Kaushik, 2003.
"Prelude to Political Economy: A Study of the Social and Political Foundations of Economics,"
Oxford University Press, number 9780199261857, March.
- Basu, Kaushik, 2000. "Prelude to Political Economy: A Study of the Social and Political Foundations of Economics," OUP Catalogue, Oxford University Press, number 9780198296713, March.
- Raghabendra Chattopadhyay & Esther Duflo, 2004.
"Women as Policy Makers: Evidence from a Randomized Policy Experiment in India,"
Econometric Society, vol. 72(5), pages 1409-1443, 09.
- Esther Duflo & Raghabendra Chattopadhyay, 2004. "Women as policy makers: Evidence from a randomized policy experiment in india," Framed Field Experiments 00224, The Field Experiments Website.
- Dean Karlan & Nava Ashaf & Wesley Yin, 2004.
"Tying odysseus to the mast: Evidence from a commitment savings product in the philippines,"
Natural Field Experiments
00206, The Field Experiments Website.
- Nava Ashraf & Dean Karlan & Wesley Yin, 2006. "Tying Odysseus to the Mast: Evidence from a Commitment Savings Product in the Philippines," The Quarterly Journal of Economics, MIT Press, vol. 121(2), pages 635-672, May.
- John Ifcher & Homa Zarghamee, 2011. "Happiness and Time Preference: The Effect of Positive Affect in a Random-Assignment Experiment," American Economic Review, American Economic Association, vol. 101(7), pages 3109-29, December.
- repec:cup:cbooks:9780521002882 is not listed on IDEAS
- James Habyarimana & William Jack, 2012. "State vs Consumer Regulation: An Evaluation of Two Road Safety Interventions in Kenya," NBER Working Papers 18378, National Bureau of Economic Research, Inc.
- James J. Heckman & Jeffrey A. Smith, 1995. "Assessing the Case for Social Experiments," Journal of Economic Perspectives, American Economic Association, vol. 9(2), pages 85-110, Spring.
When requesting a correction, please mention this item's handle: RePEc:wbk:wbrwps:6722. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Roula I. Yazigi)
If references are entirely missing, you can add them using this form.