econometricsense.blogspot.de - Econometric Sense

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An attempt to make sense of econometrics, biostatistics, machine learning, experimental design, bioinformatics, ....

 Scott Cunningham brings up some interesting points about matching and utility maximization in this substack post:  https://causalinf.substack.com/p/why-do-economists-so-dislike-conditional  

"Because most of the time, when you are fully committed to the notion that people are rational, or at least intentionally pursuing goals and living in the reality of scarcity itself, you actually think they are paying attention to those potential outcomes. Why? Because those potential outcomes represent the gains from the choice you’re making....if you think people make choices because they hope the choice will improve their life, then you believe their choices are directly dependent on Y0 and Y1. This is c