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In this paper, we look at conventional methods for removing endogeneity bias in regression models, including the linear model and the probit model. The usual Heckman two-step procedure should not be used in the probit model: from a theoretical perspective, this procedure is unsatisfactory, and...
Persistent link: https://www.econbiz.de/10012724247
There is increasing interest in experiments where outcomes are measured by surveys and treatments are delivered by a separate mechanism in the real world, such as by mailers, door-to-door canvasses, phone calls, or online ads. However, common designs for such experiments are often prohibitively...
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In recent years, there has been a burst of innovative work on methods for estimating causal effects using observational data. Much of this work has extended and brought a renewed focus on old approaches such as matching, which is the focus of this review. The new developments highlight an old...
Persistent link: https://www.econbiz.de/10013143918
This paper presents genetic matching, a method of multivariate matching that uses an evolutionary search algorithm to determine the weight each covariate is given. Both propensity score matching and matching based on Mahalanobis distance are limiting cases of this method. The algorithm makes...
Persistent link: https://www.econbiz.de/10011009911
genoud is an R function that combines evolutionary algorithm methods with a derivative-based (quasi-Newton) method to solve difficult optimization problems. genoud may also be used for optimization problems for which derivatives do not exist. genoud solves problems that are nonlinear or perhaps...
Persistent link: https://www.econbiz.de/10009245457
Matching is an R package which provides functions for multivariate and propensity score matching and for finding optimal covariate balance based on a genetic search algorithm. A variety of univariate and multivariate metrics to determine if balance actually has been obtained are provided. The...
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