Potential Outcome and Directed Acyclic Graph Approaches to Causality: Relevance for Empirical Practice in Economics · HackerPapers discussions

Potential Outcome and Directed Acyclic Graph Approaches to Causality: Relevance for Empirical Practice in Economics — mentioned by spekcular

Mon, 08 Mar 2021 03:49:30 GMT

For more on this, you might enjoy this survey of Pearl's work, and its relevance to economics research, by Guido Imbens: https://arxiv.org/abs/1907.07271. It is long, but through. The conclusion is essentially that Pearl is over-hyped, though my summary does significant violence to the nuances of his argument.

Paper and discussion history. A mention is not an endorsement.

Potential Outcome and Directed Acyclic Graph Approaches to Causality: Relevance for Empirical Practice in Economics — mentioned by zwaps

Thu, 17 Sep 2020 06:40:21 GMT

I'll try to dig it up, saw it a while ago on a forum. Another thing might be that in Rubin's framework it's immediately straightforward to do semi-parametric estimation and get consistency and all that. I'd say in practice that's probably not the first thing to do for DAGs, where writings are focused on toy models (the question then would be: how do I get to the correct DAG?). Edit: This was posted itt, it has some examples of Rubin's framework (potential outcomes) that can not be identified in the DAG framework https://arxiv.org/pdf/1907.07271.pdf

Paper and discussion history. A mention is not an endorsement.

Potential Outcome and Directed Acyclic Graph Approaches to Causality: Relevance for Empirical Practice in Economics — mentioned by bachmeier

Wed, 16 Sep 2020 02:03:33 GMT

Recognizing that not many will care about my opinion on the subject, I will link to this excellent (and IMO accurate) paper by Guido Imbens: https://arxiv.org/pdf/1907.07271.pdf One of the problems in groups is that there is a belief that the loudest and most self-confident individual is correct. I believe that is the case with Pearl. He attracts a following based on his personality, but when it comes to actually doing empirical research, he comes up short. "Separate from the theoretical merits of the two approaches, another reason for the lack of adoption in economics is that the DAG…

Paper and discussion history. A mention is not an endorsement.