Showing 161 - 170 of 273
People's value for their own time is a key input in evaluating public policies: evaluations should account for time taken away from work or leisure as a result of policy. Using rich choice data collected from farming households in western Kenya, we show that households exhibit non-transitive...
Persistent link: https://www.econbiz.de/10012938721
This paper proposes a decision-theoretic framework for experiment design. We model experimenters as ambiguity-averse decision-makers, who make trade-offs between subjective expected performance and robustness. This framework accounts for experimenters' preference for randomization, and clarifies...
Persistent link: https://www.econbiz.de/10012944972
We combine fine-grained data on voters' personal financial records with a representative election survey to examine three central topics in the economic voting literature: pocketbook versus sociotropic voting, the effects of partisanship on economic views, and voter myopia. First, these data...
Persistent link: https://www.econbiz.de/10012977475
Motivated by practical applications, chiefly clinical trials, we study the regret achievable for stochastic bandits under the constraint that the employed policy must split trials into a small number of batches. Our results show that a very small number of batches gives close to minimax optimal...
Persistent link: https://www.econbiz.de/10013012898
Recent large-scale replications of social science experiments provide important information on the reliability of experimental research. Unfortunately, there exist no mechanisms to ensure replications are done. We propose such a mechanism: journal-based replication, in which the publishing...
Persistent link: https://www.econbiz.de/10012859049
Recent large-scale replications of social science experiments provide important information on the reliability of experimental research. Unfortunately, there exist no mechanisms to ensure replications are done. We propose such a mechanism: journal-based replication, in which the publishing...
Persistent link: https://www.econbiz.de/10012860022
Measurement error is ubiquitous in experimental work. It leads to imperfect statistical controls, attenuated estimated effects of elicited behaviors, and biased correlations between characteristics. We develop simple statistical techniques for dealing with experimental measurement error. These...
Persistent link: https://www.econbiz.de/10013016023
A modern, decision-theoretic framework can help clarify important practical questions of experimental design. Building on our recent work, this chapter begins by summarizing our framework for understanding the goals of experimenters, and applying this to re-randomization. We then use this...
Persistent link: https://www.econbiz.de/10012994379
Recent political events have thrust the bulk negotiation of drug prices by Medicare and Medicaid back into the spotlight. Yet, even if politically feasible, there is no clear framework for negotiating prices of new drugs with uncertain target populations — for example, due to imprecise...
Persistent link: https://www.econbiz.de/10012925248
We develop a theory of taxation and the distribution of government spending in a citizen-candidate model of legislatures. Individuals are heterogeneous in two dimensions: productive ability in the private sector and negotiating ability in politics. When these are positively correlated, rich...
Persistent link: https://www.econbiz.de/10012928313