Empirical-economics

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empirical-economics

Title text: BAM. I have cornered the market for comics aimed at skeptical developmental macroeconomists.

Votey

Explanation

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Transcript

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.

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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!

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Votey Transcript

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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