EconBase
← All papers

Inference on counterfactual distributions using martingale posteriors

Gregor Steiner, Mark Steel

arXiv 27 Jul 2026 · Statistics — Methodology

arXiv:2607.24143 · PDF · Extracted main text

Abstract

Causal inference is often focused on average effects, which can hide important aspects of the effect distributions. Here we consider the entire posterior effects distribution by estimating full counterfactual outcome distributions. We propose a methodology for inference on counterfactual distributions which builds upon the martingale posterior framework of Fong et al. (2023). This provides a highly flexible approach to estimating densities, distribution functions, and derived quantities such as quantiles, which coherently quantifies the epistemic uncertainty on any target estimand of interest. As the predictive recursions are based on an underlying nonparametric model (a Dirichlet process mixture model), our method naturally inherits robustness with respect to restrictive parametric assumptions. In addition, implementation of our method is typically very fast. This approach can be applied to marginal or conditional counterfactual distributions and is easily extended to an instrumental variables setup. Using the concept of almost conditionally identically distributed random variables, we prove convergence of the martingale posterior inference on the counterfactual outcome distributions for the causal models considered in the paper. We illustrate our approach on both simulated and real data. Using the latter, we investigate the effect of zinc lozenges on common cold duration, the impact of vitamin A supplementation on children's survival rates with one-sided non-compliance (analysed in Imbens and Rubin, 1997a) and the effect of job training (LaLonde, 1986).

Citation extraction

38
references
74
in-text mentions
38
distinct cited
0
self-citations
10,680
main-text words

appendix boundary found by appendix_command · 74% of the source is main text. Read the extracted text to check this.

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
1Fong, Edwin and Holmes, Chris and Walker, Stephen G (2023) Martingale posterior distributions1.000164100%
2Imbens, Guido W. and Rubin, Donald B (1997) Bayesian inference for causal effects in randomized experiments with noncompliance0.92843100%
3LaLonde, Robert J (1986) Evaluating the Econometric Evaluations of Training Programs with Experimental Data0.92843100%
4Ng, Kenyon and Fong, Edwin and Frazier, David T. and Knoblauch, Jere… (2026) TabMGP: Martingale Posterior with TabPFN0.84333100%
5Battiston, Marco and Cappello, Lorenzo (2025) Bayesian Predictive Inference Beyond Martingales0.7218338%
6Berti, Patrizia and Pratelli, Luca and Rigo, Pietro (2004) LIMIT THEOREMS FOR A CLASS OF IDENTICALLY DISTRIBUTED RANDOM VARIABLES0.64422100%
7Xu, Steven G. and Yang, Shu and Reich, Brian J (2022) A Bayesian Semiparametric Method For Estimating Causal Quantile Effects0.64422100%
8Imbens, Guido W. and Xu, Yiqing (2025) Comparing Experimental and Nonexperimental Methods: What Lessons Have We Learned Four Decades after LaLonde (1986)?0.58531100%
9Holovchak, Anastasiia and Saengkyongam, Sorawit and Meinshausen, Nic… (2025) Distributional Instrumental Variable Method0.5112250%
10Ham, Daeyoung and Westling, Ted and Doss, Charles R (2024) Doubly robust estimation and inference for a log-concave counterfactual density0.51121100%

Showing the top 10 of 38 scored citations.