Case Study

A New Approach to Treatment Assignment for One and Multiple Treatment Groups

We present a new approach to treatment assignment in (field) experiments for the case of one or multiple treatment groups. This approach -- which we call the minimizing Mean Squared Error (MSE) approach -- uses sample characteristics to obtain …

Measuring Utility – An Application to Higher Order Risk and Saving in Bogota

Measuring utility is at the heart of microeconomics and has important applications in many areas of economics. Here we present a new experimental method to elicit utility functions and associated measures of (higher order) risk preferences. The …