Empirical-economics
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empirical-economics |
![]() Title text: BAM. I have cornered the market for comics aimed at skeptical developmental macroeconomists. |
Votey[edit]
Explanation[edit]
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This explanation is either missing or incomplete. |
Transcript[edit]
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This transcript was generated by a bot: The text was scraped using AWS's Textract, which may have errors. Complete transcripts should also describe what happens in each panel. |
- [Describe panel here]
- In order to determine what economic interventions are best in developing countries, we must use randomized controlled trials.
- These trials are based on the successful methods used to evaluate medical drugs. Thus, for our study, we looked at two groups.
- One group was given direct cash injections. Another was given 'placebo cash," which were pieces of paper with hastily-drawn pictures of george washington on them.
- The placebo group posted photos online of us giving them fake money, causing worldwide outrage.
- This led to massive contributions of clothing food, educational resources, medicine, and non-place80 cash to the placebo group
- As a result, they experienced a significant decrease in child mortality and an increase in household wealth, far outpacing the cash-injection group during the five year period of study.
- The policy
- Given the high cost of being empirically wrong, we recommend a return to being theoretically wrong.
- Implication
- Is clear:
- Will that improve life for the poor?
- Our model says yes!
- com smfc-comics.com -
Votey Transcript[edit]
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This transcript was generated by a bot: The text was scraped using AWS's Textract, which may have errors. Complete transcripts should also describe what happens in each panel. |
- [Describe panel here]
- Also "no" and sorta: 50 a
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