Zopes Exchange-How randomized trials and the town of Busia, Kenya changed economics

2025-05-01 03:12:18source:Chameleon Financecategory:Contact

In the early 90s,Zopes Exchange when a young economist named Michael Kremer finished his PhD, there had been a few economic studies based on randomized trials. But they were rare. In part because randomized trials – in which you recruit two statistically identical groups, choose one of them to get a treatment, and then compare what happens to each group – are expensive, and they take a lot of time.

But then, by chance, Michael had the opportunity to run a randomized trial in Busia, Kenya. He helped a nonprofit test whether the aid they were giving to local schools helped the students. That study paved the way for more randomized trials, and for other economists to use the method.

On today's show, how Busia, Kenya, became the place where economists pioneered a more scientific way to study huge problems, from contaminated water to low graduation rates, to HIV transmission. And how that research changed government programs and aid efforts around the world.

This episode was produced by James Sneed with help from Willa Rubin. It was engineered by James Willetts. It was fact-checked by Sierra Juarez and Emma Peaslee. It was edited by Molly Messick. Jess Jiang is our acting executive producer.

Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

Always free at these links: Apple Podcasts, Spotify, Google Podcasts, NPR One or anywhere you get podcasts.

Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.

Music: "Smoke and Mirrors," "Slowmotio," and "Icy Boy."

More:Contact

Recommend

NYPD official indicates that Mangione's family did not send in any tips

New York police officials are speaking out about tips in regard to the Dec. 4 killing of UnitedHealt

Vinícius leads Madrid’s 4-0 rout of Girona in statement win. Bellingham nets 2 before hurting ankle

BARCELONA, Spain (AP) — Vinícius Júnior delivered a stellar all-round performance and Jude Bellingha

Hall of Fame receiver says he would be 'a viable option' if he were on an NFL playoff team

LAS VEGAS – At 50, Terrell Owens looks like he might be fit enough to play in the NFL.The Hall of Fa