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"I've got morons on my team." Mitt Romney Minor Deity |
and the Nobel Prize. I found this old New Yorker article (2010) floating around the Internet today. It's about Esther Duflo and her Poverty Lab. The article came out around the time she got the John Bates Clark medal as the best economist under age 40. This is astonishingly good journalism that introduces you to personalities, and to the strengths and limitations of various economic methods (like RCTs). Note that the article talks about her, Banerjee, and Kremer. Very prescient they are at the New Yorker! The Poverty Lab This Nobel is the fruit of many years work perfecting Randomized Control Trials (RCTs) in economics. Here is a money quote about her attitude toward research. This is the attitude I try to get my students to understand. They often have their conclusions first, driven by their passionate feelings and sense of justice.
Randomization isn't perfect, and the article includes a strong statement of its weaknesses: Here is a critique of RCT's from Princeton's Angus Deaton...
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Serial origamist Has Achieved Nirvana |
Don't have the wherewithal to read the article at the moment, so I apologize if it covered this point:
That reminds me of the observation I heard on the radio a while back that most medical research and trials subjects are middle-age white males. The results frequently do not translate to people who are not middle-age white males.
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"I've got morons on my team." Mitt Romney Minor Deity |
That is indeed one example of an "external validity" issue. But just saying "your study lacks external validity" isn't a killer critique. | |||
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