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Mining Causality: AI-Assisted Search for Instrumental Variables

Han, Sukjin
arXiv (All) · Papers
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applicationseconometricsmachine-learningmethodology
The instrumental variables (IVs) method is a leading empirical strategy for causal inference. Finding IVs is a heuristic and creative process, and justifying their validity---especially exclusion restrictions---is largely rhetorical. We propose using large language models (LLMs) to search for new IV
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