A random shock is not random assignment

C-Tier
Journal: Economics Letters
Year: 2016
Volume: 145
Issue: C
Pages: 45-47

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

A random shock excludes reverse causality and reduces omitted variable bias. Yet a natural experiment does not identify random exposure to treatment, but the reaction to a random change from baseline to treatment. A lab experiment comparing higher certainty with higher severity of punishment for stealing (holding the expected value of the intervention constant) shows that the difference between the effects of a random shock and random assignment can be pronounced.

Technical Details

RePEc Handle
repec:eee:ecolet:v:145:y:2016:i:c:p:45-47
Journal Field
General
Author Count
1
Added to Database
2026-01-25