Opportunity Cost

Useful for thoughts about evidence based policy making:

Let me re-iterate my bottom line. Yes, experiments can be costly. Yes, sometimes they are simply impractical. And yes, occasionally they are unfair. But the truth is that the policy world is full of experiments. The experiments have all of these disadvantages. But because they’re conducted in a sloppy way, without proper randomisation, protocols, independent evaluation or serious attempts to identify a comparison group, they are experiments from which we learn very little. The choice isn’t between experiments and no experiments. It’s between useless experiments and useful ones.

Advertisements

0 Responses to “Opportunity Cost”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




Twitter Updates

Flickr Photos

Rose amongst the thorns

Someone...

Seaweed

More Photos

%d bloggers like this: