Randomized Trials: The Ideal Weapon

Title:
Randomized Trials: The Ideal Weapon
Description:

MIT’s Josh Angrist—aka Master Joshway—introduces us to our most powerful weapon: randomized trials!

Randomized trials originate in medical research, where they’re called “randomized clinical trials” or “RCTs.” That’s why randomized trials are said to measure “treatment effects”.

Josh covers a fascinating study from West Point that seeks to answer a common question using randomized trials: Are our devices more distracting than useful when it comes to learning?

In this video, we cover the following:
-What's the difference between control and treatment groups?
-How to "check for balance"
-The Law of Large Numbers
-Treatment effects
-Standard errors and statistical significance

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Video Language:
English
Team:
Marginal Revolution University
Proiect:
Mastering Econometrics
Duration:
10:01
Format: Youtube Primary Original Synced

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