➔ Maximilian Kasy

March 1st, 2019

➔ Maximilian Kasy

The Case for an Unconditional Safety Net

Imagine a system where everyone had a right to basic material safety, and could say “no” to abuse and exploitation. Sounds utopian? I argue that it would be quite feasible to get there, and that it would make eminent economic, moral, and political sense.

In my paper, I discuss four sets of arguments why it would make economic, moral, and political sense to transition from the current system of subsidizing low wage work to a system providing an unconditional safety net.

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March 28th, 2019

Experiments for Policy Choice

Randomized experiments have become part of the standard toolkit for policy evaluation, and are usually designed to give precise estimates of causal effects. But, in practice, their actual goal is to pick good policies. These two goals are not the same.

Is this the best way to go about things? Can we maybe make better policy choices, with smaller experimental budgets, by doing things a little differently? This is the question that Anja Sautmann and I address in our new work on “Adaptive experiments for policy choice.” If we wish to pick good policies, we should run experiments adaptively, shifting toward better policies over time. This gives us the highest chance to pick the best policy after the experiment has concluded.

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