2016
DOI: 10.3386/w22123
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Viewpoint: The Human Capital Approach to Inference

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“…The primary benefit of an experiment lies in the fact that it solves the selection bias problem, not by removing the bias but by balancing the bias between the experimental groups (Heckman and Smith, 1995). Experiments also provide a generalizable estimate of the treatment effect for the population when the sample size is large (MacLeod, 2017). Computing the results of an RCT is fairly straightforward.…”
Section: Discussionmentioning
confidence: 99%
“…The primary benefit of an experiment lies in the fact that it solves the selection bias problem, not by removing the bias but by balancing the bias between the experimental groups (Heckman and Smith, 1995). Experiments also provide a generalizable estimate of the treatment effect for the population when the sample size is large (MacLeod, 2017). Computing the results of an RCT is fairly straightforward.…”
Section: Discussionmentioning
confidence: 99%