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Gregory C. Mason

Research and teaching in public-policy

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A Nobel Price for methods, not results

November 4, 2021 by Greg Mason Leave a Comment

This year’s Nobel laureates in economics received the award for coming up with creative methods for extracting causal insight from observational data. That may sound underwhelming but the three economists who were recognized have helped free us from the tyranny of randomized control trials (RCTs) as being the only route to understanding cause and effect.

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