How to avoid a “winner’s curse” for social programs | MIT News

Back in the 1980s, researchers tested a job-training program called JOBSTART in 13 U.S. cities. In 12 locations, the program had a minimal benefit. But in San Jose, California, results were good: After a few years, workers earned about $6,500 more annually than peers not participating in it. So, in the 1990s, U.S. Department of […]