IDEAS home Printed from https://ideas.repec.org/p/arx/papers/2109.02603.html
   My bibliography  Save this paper

Semiparametric Estimation of Treatment Effects in Randomized Experiments

Author

Listed:
  • Susan Athey
  • Peter J. Bickel
  • Aiyou Chen
  • Guido W. Imbens
  • Michael Pollmann

Abstract

We develop new semiparametric methods for estimating treatment effects. We focus on settings where the outcome distributions may be thick tailed, where treatment effects may be small, where sample sizes are large and where assignment is completely random. This setting is of particular interest in recent online experimentation. We propose using parametric models for the treatment effects, leading to semiparametric models for the outcome distributions. We derive the semiparametric efficiency bound for the treatment effects for this setting, and propose efficient estimators. In the leading case with constant quantile treatment effects one of the proposed efficient estimators has an interesting interpretation as a weighted average of quantile treatment effects, with the weights proportional to minus the second derivative of the log of the density of the potential outcomes. Our analysis also suggests an extension of Huber's model and trimmed mean to include asymmetry.

Suggested Citation

  • Susan Athey & Peter J. Bickel & Aiyou Chen & Guido W. Imbens & Michael Pollmann, 2021. "Semiparametric Estimation of Treatment Effects in Randomized Experiments," Papers 2109.02603, arXiv.org, revised Aug 2023.
  • Handle: RePEc:arx:papers:2109.02603
    as

    Download full text from publisher

    File URL: http://arxiv.org/pdf/2109.02603
    File Function: Latest version
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Leigh Linden & Jonah E. Rockoff, 2008. "Estimates of the Impact of Crime Risk on Property Values from Megan's Laws," American Economic Review, American Economic Association, vol. 98(3), pages 1103-1127, June.
    2. Imbens,Guido W. & Rubin,Donald B., 2015. "Causal Inference for Statistics, Social, and Biomedical Sciences," Cambridge Books, Cambridge University Press, number 9780521885881.
    3. Randall A. Lewis & Justin M. Rao, 2015. "The Unfavorable Economics of Measuring the Returns to Advertising," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 130(4), pages 1941-1973.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Joe Cooprider & Shima Nassiri, 2023. "Science of price experimentation at Amazon," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 58(1), pages 34-41, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Susan Athey & Kristen Grabarz & Michael Luca & Nils Wernerfelt, 2023. "Digital public health interventions at scale: The impact of social media advertising on beliefs and outcomes related to COVID vaccines," Proceedings of the National Academy of Sciences, Proceedings of the National Academy of Sciences, vol. 120(5), pages 2208110120-, January.
    2. Brett R. Gordon & Robert Moakler & Florian Zettelmeyer, 2023. "Predictive Incrementality by Experimentation (PIE) for Ad Measurement," Papers 2304.06828, arXiv.org.
    3. Weijia Dai & Hyunjin Kim & Michael Luca, 2023. "Frontiers: Which Firms Gain from Digital Advertising? Evidence from a Field Experiment," Marketing Science, INFORMS, vol. 42(3), pages 429-439, May.
    4. Hema Yoganarasimhan & Ebrahim Barzegary & Abhishek Pani, 2023. "Design and Evaluation of Optimal Free Trials," Management Science, INFORMS, vol. 69(6), pages 3220-3240, June.
    5. Susan Athey & Kristen Grabarz & Michael Luca & Nils Wernerfelt, 2022. "The Effectiveness of Digital Interventions on COVID-19 Attitudes and Beliefs," Papers 2206.10214, arXiv.org.
    6. Chad Lawley, 2021. "Hog Barns and Neighboring House Prices: Anticipation and Post‐Establishment Impacts," American Journal of Agricultural Economics, John Wiley & Sons, vol. 103(3), pages 1099-1121, May.
    7. Michael Pollmann, 2020. "Causal Inference for Spatial Treatments," Papers 2011.00373, arXiv.org, revised Jan 2023.
    8. Paul B. Ellickson & Wreetabrata Kar & James C. Reeder, 2023. "Estimating Marketing Component Effects: Double Machine Learning from Targeted Digital Promotions," Marketing Science, INFORMS, vol. 42(4), pages 704-728, July.
    9. Tang, Chuan & Czajkowski, Jeffrey & Heintzelman, Martin D. & Li, Minghao & Montgomery, Marilyn, 2020. "Rail accidents and property values in the era of unconventional energy production," Journal of Urban Economics, Elsevier, vol. 120(C).
    10. Weijia Dai & Hyunjin Kim & Michael Luca, 2016. "Which Firms Gain from Digital Advertising? Evidence from a Field Experiment," Harvard Business School Working Papers 17-025, Harvard Business School, revised Jan 2023.
    11. Lucija Muehlenbachs & Elisheba Spiller & Christopher Timmins, 2015. "The Housing Market Impacts of Shale Gas Development," American Economic Review, American Economic Association, vol. 105(12), pages 3633-3659, December.
    12. Sven Resnjanskij & Jens Ruhose & Simon Wiederhold & Ludger Wößmann, 2021. "Mentoring Improves the Labor-Market Prospects of Highly Disadvantaged Adolescents," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 74(02), pages 31-38, February.
    13. Alexandre Belloni & Victor Chernozhukov & Denis Chetverikov & Christian Hansen & Kengo Kato, 2018. "High-dimensional econometrics and regularized GMM," CeMMAP working papers CWP35/18, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
    14. Dimitris Bertsimas & Agni Orfanoudaki & Rory B. Weiner, 2020. "Personalized treatment for coronary artery disease patients: a machine learning approach," Health Care Management Science, Springer, vol. 23(4), pages 482-506, December.
    15. Clément de Chaisemartin & Jaime Ramirez-Cuellar, 2024. "At What Level Should One Cluster Standard Errors in Paired and Small-Strata Experiments?," American Economic Journal: Applied Economics, American Economic Association, vol. 16(1), pages 193-212, January.
    16. Clément de Chaisemartin & Luc Behaghel, 2020. "Estimating the Effect of Treatments Allocated by Randomized Waiting Lists," Econometrica, Econometric Society, vol. 88(4), pages 1453-1477, July.
    17. Bruno Ferman & Cristine Pinto & Vitor Possebom, 2020. "Cherry Picking with Synthetic Controls," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 39(2), pages 510-532, March.
    18. Bonesrønning, Hans & Finseraas, Henning & Hardoy, Ines & Iversen, Jon Marius Vaag & Nyhus, Ole Henning & Opheim, Vibeke & Salvanes, Kari Vea & Sandsør, Astrid Marie Jorde & Schøne, Pål, 2022. "Small-group instruction to improve student performance in mathematics in early grades: Results from a randomized field experiment," Journal of Public Economics, Elsevier, vol. 216(C).
    19. Peydró, José-Luis & Jiménez, Gabriel & Kenan, Huremovic & Moral-Benito, Enrique & Vega-Redondo, Fernando, 2020. "Production and financial networks in interplay: Crisis evidence from supplier-customer and credit registers," CEPR Discussion Papers 15277, C.E.P.R. Discussion Papers.
    20. Ruoxuan Xiong & Allison Koenecke & Michael Powell & Zhu Shen & Joshua T. Vogelstein & Susan Athey, 2021. "Federated Causal Inference in Heterogeneous Observational Data," Papers 2107.11732, arXiv.org, revised Apr 2023.

    More about this item

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arx:papers:2109.02603. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: arXiv administrators (email available below). General contact details of provider: http://arxiv.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.