Never Too LATE: A Fully Stochastic Update to the Potential Outcome Framework
永远不晚:潜在结果框架的完全随机化更新
In the classic potential outcome framework, the local average treatment effect (LATE) and its identification via an instrumental variable are stated in a deterministic setting at the individual level: each individual has settled potential outcomes such as ``cured if treated''. Several authors have proposed working instead with \emph{stochastic} potential outcomes -- counterfactual probabilities of the form ``the chance of being cured if treated'' -- but the integration of…