What Is the Difference Between Random Assignment and Correlated Assignment

question 93

Short Answer

What is the difference between random assignment and correlated assignment?

---

Definitions:

Negative Externality

An undesirable outcome of an economic activity that affects third parties who did not choose to incur that cost or benefit.

Air Pollution

The presence of substances in the atmosphere that are harmful to human health, the environment or cause climate change.

Public Good

Goods that are non-excludable and non-rivalrous, meaning they can be used by many without diminishing the supply.

Clean Air

The state of the atmosphere when it is free from pollutants and substances harmful to living organisms and the environment.