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I’m agreeing that the data says there isn’t a difference between 50 and 1000 for housing attainment. $50/mo is like a control only if there is evidence to supp
by dghlsakjg 2y ago
I’m agreeing that the data says there isn’t a difference between 50 and 1000 for housing attainment.
$50/mo is like a control only if there is evidence to support that $50 has the same effect as $0. That evidence does not exist. We can make a guess, but it is a guess that goes against experimentally demonstrated economic theory around marginal utility.
I guess we just disagree on what a control group is. I think of it as a group who are not provided any form of effective intervention. A placebo is an intervention where the user does not know they intentionally have been given an ineffective intervention. It is impossible to not know you were given $50, so I don’t know how this could be considered a placebo. A placebo controlled study is when you give a placebo to a control group who do not know if they are receiving a placebo.
The argument I think you are making is that $50 is so small as to be irrelevant. But it is neither a control nor a placebo by almost any definition. And there is no data to suggest what you are asserting even though it feels intuitive to make the guess.
- carlmr 2y agoI personally would call it a placebo if the group weren't told that others got $950 more for the same goal of housing attainment. They would effectively not know that they're the "placebo" group where the mental/placebo effect seems to be nearly as high as the monetary effect.