Author:
Armstrong Timothy B.,Shen Shu
Abstract
AbstractWe consider inference on optimal treatment assignments. Our methods allow inference on the treatment assignment rule that would be optimal given knowledge of the population treatment effect in a general setting. The procedure uses multiple hypothesis testing methods to determine a subset of the population for which assignment to treatment can be determined to be optimal after conditioning on all available information, with a prespecified level of confidence. A Monte Carlo study confirms that the inference procedure has good small sample behavior. We apply the method to study Project STAR and the optimal assignment of a small class intervention based on school and teacher characteristics.
Publisher
Springer Science and Business Media LLC
Subject
Economics and Econometrics
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