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Finite-Sample Guarantees for High-Dimensional DML

Victor Quintas-Martinez

arXiv 15 Jun 2022 · Econometrics

arXiv:2206.07386 · PDF · DOI · OpenAlex · Extracted main text

Abstract

Debiased machine learning (DML) offers an attractive way to estimate treatment effects in observational settings, where identification of causal parameters requires a conditional independence or unconfoundedness assumption, since it allows to control flexibly for a potentially very large number of covariates. This paper gives novel finite-sample guarantees for joint inference on high-dimensional DML, bounding how far the finite-sample distribution of the estimator is from its asymptotic Gaussian approximation. These guarantees are useful to applied researchers, as they are informative about how far off the coverage of joint confidence bands can be from the nominal level. There are many settings where high-dimensional causal parameters may be of interest, such as the ATE of many treatment profiles, or the ATE of a treatment on many outcomes. We also cover infinite-dimensional parameters, such as impacts on the entire marginal distribution of potential outcomes. The finite-sample guarantees in this paper complement the existing results on consistency and asymptotic normality of DML estimators, which are either asymptotic or treat only the one-dimensional case.

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Most heavily cited references

The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.

ReferenceIntensityMentionsSectionsMain text
1Chernozhukov, Newey and Singh (2018) Automatic debiased machine learning of causal and structural effects1.00073100%
2Chernozhukov, Chetverikov, Demirer, Duflo, Hansen, Newey and Robins (2018) Double/debiased Machine Learning for Treatment and Structural Parameters1.00073100%
3Belloni, Chernozhukov, Fernández-Val and Hansen (2017) Program Evaluation and Causal Inference with High-dimensional Data1.00063100%
4Belloni, Chernozhukov, Chetverikov and Wei (2018) Uniformly valid post-regularization confidence regions for many functional parameters in Z-estimation framework0.9098575%
5Chernozhukov, Chetverikov and Koike (2021) Nearly optimal central limit theorem and bootstrap approximations in high dimensions0.8746467%
6Chernozhukov, Newey and Singh (2021) A Simple and General Debiased Machine Learning Theorem with Finite Sample Guarantees0.8746467%
7Chernozhukov, Newey, Quintas-Martinez and Syrgkanis (2021) Automatic Debiased Machine Learning via Neural Nets for Generalized Linear Regression0.64422100%
8Chernozhukov, Chetverikov and Kato (2014) Gaussian approximation of suprema of empirical processes0.5854325%
9Athey and Imbens (2019) Machine Learning Methods That Economists Should Know About0.40511100%
10Athey and Wager (2021) Policy Learning with Observational Data0.40511100%

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Cited by, within the corpus

arXiv econ.EM papers that cite this one, ranked by how heavily they lean on it.

Citing paperIntensityMentionsSections
1Policy Learning with Confidence$^$0.64422