Causal Inference Experiments
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Questions and Answers

What is the main reason policymakers should not interfere with markets?

  • Markets are self-correcting and can maintain maximal freedom. (correct)
  • Markets are always in need of guidance and direction.
  • Individuals are not capable of making their own decisions.
  • Policymakers are infallible and know what is best for everyone.

    • What is the main purpose of 'nudges' in decision-making?

  • To increase the complexity of decisions.
  • To help individuals address self-control issues in decisions involving delayed effects. (correct)
  • To encourage people to make impulsive decisions.
  • To eliminate the need for feedback and learning.

    • What is the main difference between social exchanges and market exchanges?

  • Market exchanges are always between friends, while social exchanges are not.
  • Social exchanges involve money, while market exchanges do not.
  • Social exchanges are always online, while market exchanges are offline.
  • Market exchanges are always transparent, while social exchanges are not transparent. (correct)

    • What does the Ultimatum Game demonstrate about human behavior?

    <p>People are willing to sacrifice personal gain for equitable outcomes.</p> Signup and view all the answers

    What is the main difference between the Ultimatum Game and the Dictator Game?

    <p>In the Ultimatum Game, recipients can reject offers, while in the Dictator Game, recipients must accept any non-zero offer.</p> Signup and view all the answers

    What do distributional preferences consider in economic decisions?

    <p>Both personal and others' welfare.</p> Signup and view all the answers

    What is the primary purpose of conducting experiments in causal inference?

    <p>To distinguish causality from mere correlation</p> Signup and view all the answers

    What is the benefit of using random assignment in experiments?

    <p>It creates statistically equivalent groups, ensuring observed effects are due to the intervention</p> Signup and view all the answers

    What is the focus of internal validity in experiments?

    <p>Ensuring the study's conclusions are well-grounded and free from alternative explanations</p> Signup and view all the answers

    What is the libertariant paternalism concept used for?

    <p>To influence choices by altering the context in which decisions are made</p> Signup and view all the answers

    What is the primary concern of external validity in experiments?

    <p>Ensuring the study's conclusions are relevant to other settings</p> Signup and view all the answers

    What is the purpose of using random samples in experiments?

    <p>To ensure the results are generalizable to the broader population</p> Signup and view all the answers

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