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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?

Concern over the welfare of others alongside one's own Signup and view all the answers

What is the primary difference between social and market exchanges?

Social exchanges follow different norms than market exchanges Signup and view all the answers

What do distributional preferences consider in economic decisions?

Both personal and others' welfare Signup and view all the answers

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

To distinguish causality from mere correlation Signup and view all the answers

What is the role of randomization in experiments?

To create a counterfactual scenario Signup and view all the answers

What is the purpose of unit of randomization?

To detect the desired impact of the intervention Signup and view all the answers

What is the focus of internal validity in experiments?

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

What is the concept of libertarian paternalism?

A concept that influences choices by altering the context in which decisions are made Signup and view all the answers

What is the difference between random assignment and random sample?

Random assignment ensures the treatment and control groups are statistically equivalent, while random sample ensures the sample is representative of the population Signup and view all the answers