Game Changer - the game theory podcast cover image

Cause and effect – or why the 2021 Nobel Prize is nothing less than an empirical revolution | with Paul Hünermund

Game Changer - the game theory podcast

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Exploring Natural Experiments and the Case Study of a Minimum Wage Increase

This chapter explores the concept of natural experiments and provides an example of one conducted by Card and Kruger in 1994 to compare the effects of a minimum wage increase in New Jersey and Pennsylvania, highlighting the use of natural disasters and policy changes as sources for creating treatment and control groups.

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