Description
Reflect on the assigned readings for Week 12 and then type a two page paper regarding what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding. Define and describe what you thought was worthy of your understanding in half a page, and then explain why you felt it was important, how you will use it, and/or how important it is in managerial economics. After submitting your two page paper as an initial post in the "Reflection and Discussion Forum," then type at least two peer replies in response to your classmates posts (200 word minimum each).
Explanation & Answer
please find the attached file. always a pleasure. good bye
Running head: REFLECTION AND DISCUSSION
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REFLECTION AND DISCUSSION
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Natural Experiments
A natural experiment is an empirical study done without the manipulation of the
experimental variables. The influence of natural factors takes control to determine the benefits
and costs of a decision. I find this concept to be of value because it helps a business assess its
strategies to better serve the agendas of the organization. Natural experiments are observed,
studied and analyzed to better determine the strategy that works best for an organization. Natural
experiments provide economists with a testing ground that is less expensive and ethical when it
comes to human experiments. Nature takes control therefore no interference takes place that ...
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