Randomized Control Trials (RCTs) are an experimental design used in development economics, in which people are randomly assigned to treatment or control groups in order to evaluate the impact of a certain policy intervention. These types of experiments can generate valuable data and contribute to the formulation of more effective policies. At the same time, … Continue reading The Ethics of Experimentation in Development Research
The subject of household finance has grown into an acute area of economic focus, in recent decades. As household portfolios have become more sophisticated, researchers have become more interested in new financial challenges. Financial decision making is difficult. It is basically in tandem with uncertainty about future. It is dependent on future income, liquidity and … Continue reading Household Finance
“Does the presence of punishment opportunities lead to an increase in cooperation level? - Under which circumstances does punishment help to establish cooperation?” The basis of many economic theories is the concept of the homo oeconomicus, the rational thinking human who wants to maximize profits rather than cooperate for the sake of society. However, in … Continue reading Cooperation & Punishment
Today, approximately one third of the French population smokes. Since the 1970s, the successive governments of France led policies against tobacco consumption. Smoking is actually one of the first major causes of premature death in France and Europe. Therefore, French politicians have experimented and applied different kinds of policy measures, in order to decrease the … Continue reading France VS Smoking
Living in a globalized world where every aspect of life seems to be rationally founded and established there are still subliminal influences existing that create a deeper impact on people’s behaviour than one might expect. Several studies tried to examine the origins of different gender roles and personalities that make each human being unique. Even … Continue reading How Culture Influences Personality and Gender Roles
FOREIGN AID TO AFRICA. OPTIMUM SOLUTION? “In this financial year we will be spending at least $1.5 billion on foreign aid and we cannot be sure that this money will be properly spent, as corruption and mismanagement in many of the recipient countries are legend”- Pauline Hanson There have always been huge controversies about … Continue reading
Overview The severe overuse of fertilizers by Chinese farmers has brought about grave ecological consequences and economic losses. Why do Chinese farmers overuse fertilizer? Introduction In some developing countries, the deficient use of fertilizers that leads to low productivity has been a concern. According to a study by Duflo, Kremer, Robinson (2012), few farmers in … Continue reading Why Do Chinese Farmers Use Too Much Fertilizer?
Big Brother is Nudging You It seems to be common knowledge that men, when using the bathroom sometimes have a problem with “zeroing in” on the target. In a frequently used toilet, say in an airport, missing the mark can easily change the toilets environment in a very unpleasant way. By attaching a fly … Continue reading Big Brother is Nudging You
Carr Stuart et al. (2003) pointed out that: "As the poor lose their values, they no longer believe in themselves or in the world. They go through a process of even more accented divestment of power and citizenship, which could be characterized as Nihilism". The lack of hope and aspirations are a typical characteristic of … Continue reading Aspiration Failure and Poverty
“We believe that poverty does not belong in a civilized human society. It belongs in museums.” This sentence was said by Mohammad Yunus during his speech at the first Microcredit Summit in 1997. He is the founder of the Grameen Bank, the first microfinance institution and started introducing microloans to rural women in Bangladesh in … Continue reading Can microfinance end poverty?