Using Observational Vs Randomized Controlled Trial Data to Learn about Treatment Effects

@inproceedings{Kline2011UsingOV,
  title={Using Observational Vs Randomized Controlled Trial Data to Learn about Treatment Effects},
  author={Brendan Kline and Elie Tamer},
  year={2011}
}
Randomized controlled trials (RCTs) are routinely used in medicine and are becoming more popular in economics. Data from RCTs are used to learn about treatment effects of interest. This paper studies what one can learn about the average treatment response (ATR) and average treatment effect (ATE) from RCT data under various assumptions and compares that to using observational data. We find that data from an RCT need not point identify the ATR or ATE because of selection into an RCT, as subjects… CONTINUE READING

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