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This paper uses Wald's concept of the risk of a statistical decision function to address the question: How should sample data on treatment response be used to guide treatment choices in a heterogeneous population? Statistical treatment rules (STRs) are statistical decision functions that map...
Persistent link: https://www.econbiz.de/10012471689
An important practical objective of empirical studies of treatment response is to provide decision makers with information useful in choosing treatments. Often the decision maker is a planner who must choose treatments for the members of a heterogeneous population; for example, a physician may...
Persistent link: https://www.econbiz.de/10012470745
A common concern of evaluation studies is to learn the distribution of outcomes when a specified treatment policy or assignment rule, determines the treatment received by each member of a specified population. Recent studies have emphasized evaluation of policies providing the same treatment to...
Persistent link: https://www.econbiz.de/10012474386
Econometric analyses of treatment response commonly use instrumental variable (IV) assumptions to identify treatment effects. Yet the credibility of IV assumptions is often a matter of considerable disagreement, with much debate about whether some covariate is or is not a "valid instrument" in...
Persistent link: https://www.econbiz.de/10012472423