CAUSALITY IN ECONOMETRICS: CHOICE VS CHANCE

This essay describes the evolution and recent convergence of two methodological approaches to causal inference. The first one, in statistics, started with the analysis and design of randomized experiments. The second, in econometrics, focused on settings with economic agents making optimal choices....

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Bibliographic Details
Published in:Econometrica 2022-11, Vol.90 (6), p.2541-2566
Main Author: Imbens, Guido W.
Format: Article
Language:English
Subjects:
Averages
Causality
Convergence
Econometrics
Economic theory
Experiments
generalized propensity scores
Inference
local average treatment effects
natural experiments
Nobel Lecture
randomized controlled trials
Statistics
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