
Summary This paper presents the econometric approach to causal modelling. It is motivated by policy problems. New causal parameters are defined and identified to address specific policy problems. Economists embrace a scientific approach to causality and model the preferences and choices of agents to infer subjective (agent) evaluations as well as objective outcomes. Anticipated and realized subjective and objective outcomes are distinguished. Models for simultaneous causality are developed. The paper contrasts the Neyman–Rubin model of causality with the econometric approach.
causality, Treatment effects, econometrics, Ökonometrie, Econometrics, causality, econometrics , Roy model , Neyman–Rubin model , subjective and objective evaluations , anticipated vs. realized outcomes , counterfactuals , treatment effects, Neyman-Rubin model, Applications of statistics to economics, Anticipated vs. realized outcomes, subjective and objective evaluations, ddc:330, Neyman–Rubin model, Causality; Econometrics; Roy model; Neyman–Rubin model; Cubjective and objective evaluations; Anticipated vs. realized outcomes; Counterfactuals; Treatment effects; Causation--Econometric models; Econometrics, treatment effects, Cubjective and objective evaluations, subjective and objective evaluations, Neyman-Rubin model, Roy model, causality, econometrics, treatment effects, counterfactuals, anticipated vs. realized outcomes, counterfactuals, Causality, B41, anticipated vs. realized outcomes, Kausalanalyse, Counterfactuals, Causation--Econometric models, Theorie, Roy model, jel: jel:B41
causality, Treatment effects, econometrics, Ökonometrie, Econometrics, causality, econometrics , Roy model , Neyman–Rubin model , subjective and objective evaluations , anticipated vs. realized outcomes , counterfactuals , treatment effects, Neyman-Rubin model, Applications of statistics to economics, Anticipated vs. realized outcomes, subjective and objective evaluations, ddc:330, Neyman–Rubin model, Causality; Econometrics; Roy model; Neyman–Rubin model; Cubjective and objective evaluations; Anticipated vs. realized outcomes; Counterfactuals; Treatment effects; Causation--Econometric models; Econometrics, treatment effects, Cubjective and objective evaluations, subjective and objective evaluations, Neyman-Rubin model, Roy model, causality, econometrics, treatment effects, counterfactuals, anticipated vs. realized outcomes, counterfactuals, Causality, B41, anticipated vs. realized outcomes, Kausalanalyse, Counterfactuals, Causation--Econometric models, Theorie, Roy model, jel: jel:B41
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