The logic of adaptive sequential experimentation in policy design

Haipeng Xing and Xiaobo Zhang

No 1273, IFPRI discussion papers from International Food Policy Research Institute (IFPRI)

Abstract: In this paper, we argue that economists can learn a great deal from the design principles implemented in medical research. We develop a theoretical model to show the logic of adaptive sequential experiment design in the presence of uncertainty over negative effects and discuss how to choose samples in a population to minimize the experiment cost. We also point out the applications of our proposed framework in the economic domain, such as economic reforms and new product design.

Keywords: economic development; economic systems; experimentation; experimental design; social sciences; methodology; China; Eastern Asia; Asia (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-cbe, nep-dcm, nep-exp and nep-spo
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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https://hdl.handle.net/10568/153542

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Persistent link: https://EconPapers.repec.org/RePEc:fpr:ifprid:1273

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