Event Study

An event study is a statistical method to assess the impact of an event on an outcome of interest. It can be used as a descriptive tool to describe the dynamic of the outcome of interest before and after the event or in combination with regression discontinuity techniques around the time of the event to evaluate its impact.

Selection Bias

Selection bias occurs when participants in a program (treatment group) are systematically different from non-participants (control group). Selection bias affects the validity of program evaluations whenever selection of treatment and control groups is done non-randomly.

Remote Sensing

Remote Sensing involves the collection and interpretation of information sensed from distant objects, using usually aircrafts and satellites. It is used to sense the energy that is naturally emitted or reflected by the earth’s surface, from the atmosphere, or from other devices. Any object with a temperature above absolute zero, -273°C, emits energy called electromagnetic radiation that depends on the object’s temperature. The higher the temperature of the object, the shorter is the reflected electromagnetic radiation wavelength.

Randomization in Excel

Randomization involves assigning subjects randomly to one of two groups: the treatment group, which is receiving the policy intervention being evaluated, and the control group which is untreated. Randomizing in Excel has its advantages and disadvantages. This article gives a step-by-step guide on randomizing using Excel.

Risk aversion

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Preference towards risk are likely to affect individual decision-making, such as investment, purchase of health care and job change. People who care more about risk and are willing to do more to reduce their exposure to risk than others, are called "risk averse". A highly risk averse villager will likely manage livelihood activities more conservatively than a neighbor who's more willing to take risks.