They must change the corrupted evaluation system (Impact evaluations) to Outcome Monitoring. Counterfactual analysis enables evaluators to attribute cause and effect between interventions and outcomes. The ‘counterfactual’ measures what would have happened to beneficiaries in the absence of the intervention, and impact is estimated by comparing counterfactual outcomes to those observed under the intervention. The key challenge in Impact Evaluation is that the counterfactual cannot be directly observed, but must be approximated with reference to a comparison group. The main problem though is that regardless of which design an evaluator chooses, they are prone to a common problem; regardless of how well thought through or well implemented the design is, each design is subject to yielding biased estimates of the program effects. These biases play the role of either exaggerating or diminishing program effects. Not only that, but the direction the bias may take cannot usually be known in advance (Rossi et al., 2004). These biases affect the interest of the stakeholder. Furthermore it is possible that program participants are disadvantaged if the bias is in such a way that it contributes to making an ineffective or harmful program seem effective. Does the Military, law enforcement and government who are below the world Bank policies, use impact evaluations as well? That would be a scary reality. Stay tuned for future videos:1. A Non-borrowing scheme System VS A Cashless SystemVideo Rating: 0 / 5 World Bank Group and Biased Impact Evaluations: Message to World Bank: Reform To Outcome Monitoring
They must change the corrupted evaluation system (Impact evaluations) to Outcome Monitoring. Counterfactual analysis enables evaluators to attribute cause and effect between interventions and outcomes. The ‘counterfactual’ measures what would have happened to beneficiaries in the absence of the intervention, and impact is estimated by comparing counterfactual outcomes to those observed under the intervention. The key challenge in Impact Evaluation is that the counterfactual cannot be directly observed, but must be approximated with reference to a comparison group. The main problem though is that regardless of which design an evaluator chooses, they are prone to a common problem; regardless of how well thought through or well implemented the design is, each design is subject to yielding biased estimates of the program effects. These biases play the role of either exaggerating or diminishing program effects. Not only that, but the direction the bias may take cannot usually be known in advance (Rossi et al., 2004). These biases affect the interest of the stakeholder. Furthermore it is possible that program participants are disadvantaged if the bias is in such a way that it contributes to making an ineffective or harmful program seem effective. Does the Military, law enforcement and government who are below the world Bank policies, use impact evaluations as well? That would be a scary reality. Stay tuned for future videos:1. A Non-borrowing scheme System VS A Cashless SystemVideo Rating: 0 / 5
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