Understanding and misunderstanding randomized controlled trials
Princeton University · National Bureau of Economic Research · +3 more institutions
Abstract
Randomized Controlled Trials (RCTs) are increasingly popular in the social sciences, not only in medicine. We argue that the lay public, and sometimes researchers, put too much trust in RCTs over other methods of investigation. Contrary to frequent claims in the applied literature, randomization does not equalize everything other than the treatment in the treatment and control groups, it does not automatically deliver a precise estimate of the average treatment effect (ATE), and it does not relieve us of the need to think about (observed or unobserved) covariates. Finding out whether an estimate was generated by chance is more difficult than commonly believed. At best, an RCT yields an unbiased estimate, but…
Citation impact
- FWCI
- 148.71
- Percentile
- 100%
- References
- 190
Authors
2Topics & keywords
- Randomized controlled trial
- Medicine
- Psychology
- Surgery
Funding
- NSNational Science FoundationAward: 1632471
- SFSpencer FoundationAward: 582K304
- PUPrinceton UniversityAward: P30 AG024928
- NBNational Bureau of Economic ResearchAwards: P01AG05842-14, 5R01AG040629-02
- ECEuropean CommissionAward: 667526
- EREuropean Research CouncilAward: 667526 K4U
- NINational Institute on Aging