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Optimally generate policy-based evidence before scaling

Social scientists have increasingly turned to the experimental method to understand human behaviour. One critical issue that makes solving social problems difficult is scaling up the idea from a small group to a larger group in more diverse situations. The urgency of scaling policies impacts us every day, whether it is protecting the health and safety of a community or enhancing the opportunities of future generations. Yet, a common result is that, when we scale up ideas, most experience a ‘voltage drop’—that is, on scaling, the cost–benefit profile depreciates considerably. Here I argue that, to reduce voltage drops, we must optimally generate policy-based evidence. Optimality requires answering two crucial questions: what information should be generated and in what sequence. The economics underlying the science of scaling provides insights into these questions, which are in some cases at odds with conventional approaches. For example, there are important situa ....

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How education hurdles illuminate reverse mortgage distribution challenges

New data shared recently at a reverse mortgage industry event has crystallized certain issues connecting with seniors, says one professional. ....

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What they're checking out: Week of December 30

As an ongoing feature, staff members at the Des Moines Public Library will recommend a business-related book to add to your reading list. Find this and more boo ....

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What The 'Blue Light Special' Teaches Radio

What The 'Blue Light Special' Teaches Radio
radioink.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from radioink.com Daily Mail and Mail on Sunday newspapers.

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Review of The Voltage Effect by John List

A new book offers good tips for businesses looking to scale up products, but a close reading raises questions about doing the same for public policy. ....

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