Methoden vergleichen

	Machine Learning-Augmented Instrumental Variables (ML-IV)	Propensity Score Matching
Fachgebiet	Kausale Inferenz	Forschungsstatistik
Familie	Regression model	Process / pipeline
Entstehungsjahr	2012-2018	1983
Urheber	Belloni, Chernozhukov & Hansen; Chernozhukov et al.	Paul Rosenbaum and Donald Rubin
Typ	Causal inference / semi-parametric estimation	Method
Wegweisende Quelle	Chernozhukov, V., Chetverikov, D., Demirer, M., Duflo, E., Hansen, C., Newey, W., & Robins, J. (2018). Double/debiased machine learning for treatment and structural parameters. The Econometrics Journal, 21(1), C1-C68.	Rosenbaum, P. R., & Rubin, D. B. (1983). The central role of the propensity score in observational studies for causal effects. Biometrika, 70(1), 41–55.
Aliasnamen	ML-IV, MLIV, Double/Debiased ML with IV, DML-IV	PSM, propensity score weighting, covariate balance
Verwandt	4	3
Zusammenfassung	Machine learning-augmented instrumental variables combines the causal identification power of classical IV with modern high-dimensional machine learning — using methods such as LASSO, random forests, or neural networks to select valid instruments and model nuisance functions, thereby improving first-stage fit and enabling valid inference even when the number of potential instruments or controls is large relative to the sample size.	Propensity score matching (PSM) is a method for reducing confounding bias in observational studies by balancing baseline characteristics between treatment groups, simulating randomization. Developed by Rosenbaum and Rubin (1983), it estimates the probability of receiving treatment given observed covariates, then matches or weights treated and control individuals with similar treatment probabilities. Widely used in medicine, epidemiology, and policy evaluation when randomized trials are infeasible or unethical, enabling estimation of treatment effects while controlling for selection bias.