2024/07/18 by Laurent Davezies, Davezies, Laurent, Guillaume Hollard +3 · 1 citation
Computer Science · Decision Sciences · #Algorithms and Data Compression #Econometrics (econ.EM) #FOS: Economics and business #Parallel Computing and Optimization Techniques #Simulation Techniques and Applications
paper · pdf · doi:10.48550/arxiv.2407.13613
openalex publication_date 2024/07/18 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
We introduce a new randomization procedure for experiments based on the cube method, which achieves near-exact covariate balance. This ensures compliance with standard balance tests and allows for balancing on many covariates, enabling more precise estimation of treatment effects using pre-experimental information. We derive theoretical bounds on imbalance as functions of sample size and covariate dimension, and establish consistency and asymptotic normality of the resulting estimators. Simulations show substantial improvements in precision and covariate balance over existing methods, particularly when the number of covariates is large.