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Suppose a micro-finance institution wants to evaluate the impact of taking a loan (D) on an individual's income two years later (Y), with a sample

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Suppose a micro-finance institution wants to evaluate the impact of taking a loan (D) on an individual's income two years later (Y), with a sample of 200. Individuals are randomly assigned to a treatment group.~ The treatment group (Z=1) is offered a loan, but not everyone who is offered a loan actually takes it.

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