Economics Nobel awarded for using randomized trials to fight poverty

Monday, October 14, 2019 - 5:51pm


The Nobel Prize in Economics was awarded today to Abhijit Banerjee and Esther Duflo of the Massachusetts Institute of Technology and Michael Kremer of Harvard University. The trio uses randomized control trials, like you'd find in the pharmaceutical industry, to test social policy ideas. The World's Sarah Birnbaum explains.