PAV: Estimation of the Population Average Value in Randomized Experiments
Description
This function estimates the Population Average Value. The details of the methods for this design are given in Imai and Li (2019).
Usage
PAV(Tr, That, Y, centered = TRUE)
Arguments
Tr
A vector of the unit-level binary treatment receipt variable for each sample.
That
A vector of the unit-level binary treatment that would have been assigned by the
individualized treatment rule. If plim is specified, please ensure
that the percentage of treatment units of That is lower than the budget constraint.
Y
A vector of the outcome variable of interest for each sample.
centered
If TRUE, the outcome variables would be centered before processing. This minimizes
the variance of the estimator. Default is TRUE.
Value
A list that contains the following items:
pav
The estimated
Population Average Value.
sd
The estimated standard deviation
of PAV.
References
Imai and Li (2019). “Experimental Evaluation of Individualized Treatment Rules”,