Journal article
Functional sequential treatment allocation with covariates
- Abstract:
- We consider a sequential treatment problem with covariates. Given a realization of the covariate vector, instead of targeting the treatment with highest conditional expectation, the decision maker targets the treatment which maximizes a general functional of the conditional potential outcome distribution, e.g., a conditional quantile, trimmed mean, or a socio-economic functional such as an inequality, welfare or poverty measure. We develop expected regret lower bounds for this problem, and construct a near minimax optimal sequential assignment policy.
- Publication status:
- Published
- Peer review status:
- Peer reviewed
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Access Document
- Files:
-
-
(Preview, Accepted manuscript, pdf, 814.3KB, Terms of use)
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- Publisher copy:
- 10.1017/S0266466623000051
Authors
- Publisher:
- Cambridge University Press
- Journal:
- Econometric Theory More from this journal
- Volume:
- 40
- Issue:
- 6
- Pages:
- 1211 - 1252
- Publication date:
- 2023-03-16
- Acceptance date:
- 2022-11-15
- DOI:
- EISSN:
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1469-4360
- ISSN:
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0266-4666
- Language:
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English
- Keywords:
- Pubs id:
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2309996
- Local pid:
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pubs:2309996
- Deposit date:
-
2025-11-06
- ARK identifier:
Terms of use
- Copyright holder:
- Kock et al
- Copyright date:
- 2023
- Rights statement:
- © The Author(s), 2023. Published by Cambridge University Press
- Notes:
- This is the accepted manuscript version of the article. The final version is available online from Cambridge University Press at https://dx.doi.org/10.1017/S0266466623000051
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