-The Hindu Despite limitations, the use of Randomised Control Trials has led to a paradigm shift in development policy evaluation If Rip Van Winkle was an academic economist and woke up from a two-decade long sleep this week, he would be baffled by the news of the Nobel Prize in Economics this year awarded to Abhijit Banerjee, Esther Duflo, and Michael Kremer for pioneering the use of Randomised Control Trials (RCTs) in...

-The Indian Express Banerjee, Duflo and Kremer introduced a paradigm shift in approach to alleviating poverty. The Nobel Prize in Economics for 2019 has been awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer for “their experimental approach to alleviating global poverty”. The approach, popularly known as Randomised Control Trial (RCT), has been the buzzword among development economists for almost two decades. Banerjee, Duflo and Kremer have used this technique (inspired...

-TheWire.in All three winners argue that using Randomised Control Trials can lead to better public policy interventions. New Delhi: The 2019 Nobel Prize for economics has been awarded to three economists who have focused on framing policies by first measuring the outcomes of alternative interventions on randomly chosen samples from a target population. Abhijit Banerjee, Esther Duflo and Michael Kremer have all worked on using this method to argue that Randomised Control Trials...

-Ideas for India Commenting on the concept of evidence-based policy, Jean Drèze argues that the relation between evidence and policy needs further thought. Based on his involvement with social policy in India, he believes that while economists can contribute to more informed policy discussions and public debates they ought to be cautious in offering advice on policy design. Once upon a time, ‘evidence’ was widely confused with randomised controlled trials (RCTs). The...

-The Indian Express Delhi’s odd-even trial was brave, but policy needs good research at design stage. The trial period of the odd-even policy demonstrated a commendable willingness from the Delhi government to experiment with a policy option, and decide its future based on the evidence of impact, and acceptability from the residents of Delhi. Good evidence on the impact of any public policy requires a willingness to experiment, quality data, and a...