Posts tagged Nobel Prize
Causation is MUCH Harder to Show Than Correlation: The 2021 Sveriges Riksbank Prize in Economic Sciences (in Memory of Alfred Nobel)

When setting up experiments, economists have to ask specific questions and avoid selection and observational biases. This challenge is often present when attempting to measure the effectiveness of something like a government program or policy change. How can economists confidently claim that certain effects are linked to a specific cause? This year’s Nobel Laureates’ work with natural experiments provide examples of best-practice research methods that work to answer important questions.

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