Explain Why Attrition in Randomized Experiments Can Cause a Problem

question 2

Essay

Explain why attrition in randomized experiments can cause a problem, and explain one method of dealing with the problem of attrition.

Analyze conditions under which public goods should be provided to enhance social welfare.

Calculate the efficient number of public goods based on marginal cost and marginal social benefit.

Understand the concept of marginal social benefit and marginal social cost in the context of public goods and common resources.

Identify the conditions under which the provision of public goods and common resources is socially optimal.

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Definitions:

Tacit Knowledge

Strategies for success that are not explicitly taught but that instead must be inferred.

Componential Intelligence

A facet of Sternberg's Triarchic Theory of Intelligence that involves analytical problem-solving abilities, including the ability to evaluate, analyze, and compare.

Contextual Intelligence

Contextual intelligence is the ability to understand the limits of our knowledge and to adapt that knowledge to an environment different from the one in which it was developed.

Metacognition

The knowledge or awareness of one’s own cognitive processes, and the ability to monitor and control those processes.