deaton in A Sentence

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    For a positive review of that work within economics see Banerjee and Duflo(2009), and for a critical assessment see Deaton(2010).

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    2

    Deaton(2010) and Heckman and Urzúa(2010) argue that focusing on natural experiments can lead researchers to focus on estimating unimportant causal effects;

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    3

    Deaton's first work to become widely known was the Almost Ideal Demand System(AIDS), which he developed with John Muellbauer and published in 1980.

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    Basing their study on 450,000 survey responses from Gallup and Healthways, Deaton and Kahneman found that the higher the respondents' incomes, the more“emotional well-being” they tended to report.

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    Deaton and Kahneman looked at two different definitions of happiness, one being day-to-day“emotional well-being”(How are you feeling today?) and the other“life evaluation”(Looking back on your life, how satisfied are you?)?

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    6

    Also, although experiments are undoubtedly useful to guide policy, the exact guidance they can offer is somewhat limited because of complications such as environmental dependence, compliance problems, and equilibrium effects(Banerjee and Duflo 2009; Deaton 2010).

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    7

    The use of RCTs as the provider of“hard” and incontrovertible evidence has been questioned by many leading economists- none more so than Angus Deaton, the winner of the Economics Nobel in 2015, who said“randomisation does not equalise two groups”, and warned against over-reliance on RCTs to frame policies.

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