doing good midterm 2

impact definition

the change attributable to a social intervention. how have lives changed because of the intervention? what would happen to the same individuals without the intervention?

impact equation

observed outcome - counterfactual = impact

challenges for measuring impact

• good data

• good “identification”

• “counterfactuals”

good data challenge

the need to have accurate, relevant, and comprehensive data to assess the true effects of an intervention.

good “identification” challenge

the need to establish a clear/valid causal relationship between the intervention and the observed outcomes.

“counterfactuals” challenge

the difficulty in determining what would have happened in the absence of the intervention, which is essential for accurate impact evaluation.

omitted variables

variables that are not included in a model but affect the outcome, potentially leading to biased results.