Minimax Regret Treatment Choice With Incomplete Data And Many Treatments
This note adds to the recent research project on treatment choice under ambiguity. I generalize the Manski (Journal of Econometrics, in press) analysis of minimax regret treatment choice by considering a more general setting and, more importantly, by solving for the treatment rule given finitely many (as opposed to two) treatments. The most interesting finding is that with three or more undominated treatments, the minimax regret treatment rule may assign the same treatment to all subjects; thus, the most salient feature of the two-treatment case does not generalize.
Volume (Year): 23 (2007)
Issue (Month): 01 (February)
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