Experiment-as-Market: Incorporating Welfare into Randomized Controlled Trials

• In Event: Causal Inference: Theory and Applications

Brief Overview

I propose a design of RCTs that produces a Pareto efficient allocation of treatment assignment probabilities, is asymptotically incentive compatible for preference elicitation, and unbiasedly estimates any causal effect estimable with standard RCTs.

Author

• Yusuke Narita, Yale University