Why does much valuable academic research fail to impact public policy? I argue that the way forward to relevance and credibility for economics lies through RCT’s – randomized controlled trials, in which the methodology of scientific experimentation joins with the theoretical insights of behavioral economics.
By joining the insights of behavioral economics with the rigor of scientific experiments, Economics’ relevance is currently being restored.
To be published in: M. Altman, editor, Constructing a More Scientific Economics (Palgrave-Macmillan, 2021.)
