Arbeitspapier
A random shock is not random assignment
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.
- Language
-
Englisch
- Bibliographic citation
-
Series: Preprints of the Max Planck Institute for Research on Collective Goods ; No. 2016/9
- Classification
-
Wirtschaft
Econometrics
Hypothesis Testing: General
Design of Experiments: General
Criminal Law
- Subject
-
identification
random exposure
random shock
natural experiment
certainty and severity of punishment
- Event
-
Geistige Schöpfung
- (who)
-
Engel, Christoph
- Event
-
Veröffentlichung
- (who)
-
Max Planck Institute for Research on Collective Goods
- (where)
-
Bonn
- (when)
-
2016
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Engel, Christoph
- Max Planck Institute for Research on Collective Goods
Time of origin
- 2016