October 2019, the 51st Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded to three of the main proponents of Randomized Control Trials (RCTs). Yet there is reason to question the validity and repercussions of the elevation of this design to the so-called “gold standard” for impact evaluation.Have RCTs really “dramatically improved our ability to fight poverty in practice”? Which sorts of questions are they able to address and which do they fail to answer? Is…See More
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