Causal Inference Experiments

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Questions and Answers

What is the primary rationale behind advocating for minimal interference in markets?

  • To enable policymakers to correct market failures
  • To maintain social norms in market exchanges
  • To ensure maximum personal freedom (correct)
  • To address self-control issues in decision-making

When are nudges particularly useful in decision-making?

  • When feedback on decisions is immediate and abundant
  • In frequent, everyday choices
  • In complex, infrequent decisions with significant consequences (correct)
  • When individuals prioritize their own self-interest

What is the primary purpose of understanding mappings and feedback in choice architecture?

  • To simplify decision-making processes
  • To minimize the negative impact of user mistakes
  • To help individuals evaluate alternatives and provide immediate feedback (correct)
  • To align incentives with desired outcomes

What do social preferences reflect, beyond traditional economic views?

<p>Concern over the welfare of others alongside one's own (D)</p> Signup and view all the answers

What is the primary difference between social and market exchanges?

<p>Social exchanges follow different norms than market exchanges (A)</p> Signup and view all the answers

What do distributional preferences consider in economic decisions?

<p>Both personal and others' welfare (C)</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 (D)</p> Signup and view all the answers

What is the role of randomization in experiments?

<p>To create a counterfactual scenario (B)</p> Signup and view all the answers

What is the purpose of unit of randomization?

<p>To detect the desired impact of the intervention (A)</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 (D)</p> Signup and view all the answers

What is the concept of libertarian paternalism?

<p>A concept that influences choices by altering the context in which decisions are made (C)</p> Signup and view all the answers

What is the difference between random assignment and random sample?

<p>Random assignment ensures the treatment and control groups are statistically equivalent, while random sample ensures the sample is representative of the population (C)</p> Signup and view all the answers

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