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Randomised Controlled Trial

Randomised Controlled Trial
•It is an experiment that is designed to isolate the influence that a certain intervention or variable has on an outcome or event.
•At any point in time, there are multiple factors that work in tandem to influence various social events.
•RCTs allow economists and other social science researchers to isolate the individual impact that a certain factor alone has on the overall event
•Randomised controlled trials promise to overcome this problem through the use of randomly picked samples.
•[The new Economics Nobel laureates – Abhijit Banerjee, Esther Duflo and Michael Kremer – are considered to be instrumental in using randomised controlled trials to test the effectiveness of various policy interventions to alleviate poverty.]

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