Critiquing an Experimental Design for Studying Farmer Behavior
An economist wants to study how small-scale farmers in a specific rural region decide whether to adopt a new, more expensive, but higher-yielding seed variety. Due to budget and time constraints, the researcher conducts the experiment with undergraduate business students at a national university. The students are given detailed information about the costs and potential benefits of the new seeds and are asked to make a decision for a hypothetical farm. The study finds that 90% of the students choose to adopt the new seeds. The researcher concludes that the new seed variety will be highly successful and widely adopted by the target farmer population.
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Introduction to Microeconomics Course
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CORE Econ
Ch.4 Strategic interactions and social dilemmas - The Economy 2.0 Microeconomics @ CORE Econ
The Economy 2.0 Microeconomics @ CORE Econ
Analysis in Bloom's Taxonomy
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Evaluating Experimental Design for Policy Recommendations
An economist wants to conduct an experiment to test the effectiveness of a new tiered pricing system designed to encourage water conservation among households in a city currently experiencing a severe drought. To ensure the study's findings are most directly applicable for local policymakers, which of the following groups would be the most appropriate to recruit as participants?
Comparing Participant Groups in Economic Experiments
Evaluating Participant Selection in Economic Research
A primary advantage of using a general student population instead of real-world stakeholders in a field experiment is that the results will have greater direct applicability to the specific real-world problem being studied.
An economist is designing several field experiments to study different real-world problems. Match each research problem with the most appropriate group of real-world stakeholders to recruit as participants to ensure the findings are directly applicable.
Justifying Participant Selection in a Field Experiment
A research team is studying the impact of a new microloan program on the business success of street vendors in a large city. They conduct an experiment by offering the loans to a randomly selected group of actual street vendors from that city and tracking their sales over six months. What is the primary advantage of this participant selection strategy?
Critiquing an Experimental Design for Studying Farmer Behavior
A government agency wants to design a new tax incentive to encourage small businesses to hire more employees. They are considering two research proposals to test the incentive's effectiveness. Proposal X involves a laboratory experiment where university students are given a hypothetical business scenario and asked how they would respond to the tax incentive. Proposal Y involves a field experiment where a random sample of actual small business owners are offered the real tax incentive, and their subsequent hiring decisions are tracked. Why would the findings from Proposal Y be more valuable for the agency's policy decision?