A Random Shock Is Not Random Assignment

Engel, Christoph

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A Random Shock Is Not Random Assignment

Engel, C. (2016). A Random Shock Is Not Random Assignment.

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Item Permalink: https://hdl.handle.net/11858/00-001M-0000-002A-8BFB-7 Version Permalink: https://hdl.handle.net/11858/00-001M-0000-002A-C5E5-7

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http://www.coll.mpg.de/pdf_dat/2016_09online.pdf (Preprint) Open Access status unknown

Description:
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.

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Creators:
Engel, Christoph¹, Author

Affiliations:
1Max Planck Institute for Research on Collective Goods, Max Planck Society, ou_2173688

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Free keywords: identification, random exposure, random shock, natural experiment, certainty and severity of punishment

JEL: C01 - Econometrics

JEL: C12 - Hypothesis Testing: General

JEL: C90 - General

JEL: K14 - Criminal Law

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Dates: Published Online: 2016

Publication Status: Published online

Pages: 12

Publishing info: Bonn : Max Planck Institute for Research on Collective Goods

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Identifiers: Other: 2016/09

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