A New Construction of Evidence Factors in an Observational Study of Light Daily Alcohol Consumption and Longevity
轻度每日饮酒与寿命观察性研究中证据因子的新构造AI 解读 ↓
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轻度每日饮酒与寿命观察性研究中证据因子的新构造AI 解读 ↓
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Does light daily alcohol consumption lengthen life? In any observational study of this question, we expect drinking behavior—that is, treatment assignment—to be confounded by measured and unmeasured covariates. An observational study has two evidence factors if there are two essentially independent tests of the same null hypothesis about causal effects, where the two tests are susceptible to different unmeasured biases in treatment assignment. Because they are independent, two evidence factors may be combined using meta-analytic techniques, despite being two analyses of the same data, and they may consequently provide mutual support and increased power; however, they may alternatively undermine one another by suggesting that unmeasured bias is present. In the study of light daily alcohol, two evidence factors are formed from two control groups, and the evidence factors provide mutual support for one outcome, HDL-cholesterol, and clash for another, survival. Evidence factors have typically been derived from the orthogonality of nominal factors in balanced designs that resemble simple experiments. In this article, evidence factors are obtained in a new and completely different way. A recently proposed conditioning tactic creates test statistics with superior design sensitivity, and it turns out that this tactic partitions the sample space in a manner that yields evidence factors. The method is evaluated using an asymptotic measure, the design sensitivity, and using the simulated finite-sample power of sensitivity analyses. An R package alcoholSurv contains the data, implements the method, and replicates the analysis. Supplementary materials for this article are available online, including a standardized description of the materials available for reproducing the work.
Two frequent approaches for identifying structural VARs are external instruments, which carry economic content but are often weak, and non-Gaussianity of the shocks, which provides statistical identification but carries no economic meaning. We combine the two strategies in a single generalized method of moments framework. This hybrid approach point-identifies the target shocks while also identifying the non-target shocks up to sign and ordering. Under suitable rank…
The conditional average treatment effect (CATE) is frequently estimated in clinical studies to refute a homogeneous treatment effect hypothesis. Under this regime, all patients making up the population experience identical benefit from a given treatment relative to a comparator. Uncovering heterogeneous treatment effects through inference about the CATE, however, requires that covariates truly modifying the treatment effect be reliably collected at baseline. CATE-based…
内生性检验:一种基于矩的贝叶斯方法
A standard assumption in the Bayesian estimation of linear regression models is that the regressors are exogenous in the sense that they are uncorrelated with the model error term. In practice, however, this assumption can be invalid. In this article, using the exponentially tilted empirical likelihood (ETEL) framework, we develop a Bayes factor test for endogeneity that compares a base model that is correctly specified under exogeneity but misspecified under endogeneity…
We study difference-in-differences designs in which all units are initially untreated and later receive heterogeneous, strictly positive treatment doses. When quasi-untreated units receive doses close to zero, a difference-in-difference estimand using those units as the control group identifies a weighted average treatment effect per unit of treatment, under a parallel-trends assumption. We develop a nonparametric estimator and bias-corrected confidence intervals for this…
伪面板事件研究:可信应用的计量经济学基础
Event studies with panel data are widely used to estimate treatment effects. With repeated cross-sections, future treatment dates are unobserved for untreated individuals. Pseudo-panel event studies impute pre-treatment outcomes of the treated using matched untreated individuals. This paper establishes identification in such designs and characterizes bias when identification conditions fail. I show that the pseudo-panel regression is equivalent to weighted least squares with…
自适应实验中策略改进价值的推断
In this paper, we develop an asymptotically normal estimator for the value of policy improvement (VPI) under adaptively collected data. This value, which is defined as the gap between the value of the best treatment policy in a class and that of a baseline policy, gauges whether or not it is worth deploying a personalized treatment policy. Building an estimator for the VPI is naturally more difficult than estimating the value of a fixed policy. This is because, in addition…