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Personalised Decision-Making without Counterfactuals

2023/01/27 by A. P. Dawid, A. Philip Dawid, Stephen Senn +2 · 4 voices · 2 citations
Economics, Econometrics and Finance · Mathematics · #Health Systems, Economic Evaluations, Quality of Life #Advanced Causal Inference Techniques

paper · pdf · doi:10.48550/arxiv.2301.11976

Abstract

This article is a response to recent proposals by Pearl and others for a new approach to personalised treatment decisions, in contrast to the traditional one based on statistical decision theory. We argue that this approach is dangerously misguided and should not be used in practice.

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