Conclusion
The causal effect of a treatment on a single unit at a point in time is the difference between the outcome variable with the treatment and without the treatment. The Fundamental Problem of Causal Inference is that it is impossible to observe the causal effect on a single unit. You either take the aspirin now or you don't. As a consequence, assumptions must be made in order to estimate the missing counterfactuals.
Read more about this topic: Rubin Causal Model
Famous quotes containing the word conclusion:
“The source of our actions resides in an unconscious propensity to regard ourselves as the center, the cause, and the conclusion of time. Our reflexes and our pride transform into a planet the parcel of flesh and consciousness we are.”
—E.M. Cioran (b. 1911)
“Girls who put out are tramps. Girls who don’t are ladies. This is, however, a rather archaic usage of the word. Should one of you boys happen upon a girl who doesn’t put out, do not jump to the conclusion that you have found a lady. What you have probably found is a lesbian.”
—Fran Lebowitz (b. 1951)
“A certain kind of rich man afflicted with the symptoms of moral dandyism sooner or later comes to the conclusion that it isn’t enough merely to make money. He feels obliged to hold views, to espouse causes and elect Presidents, to explain to a trembling world how and why the world went wrong. The spectacle is nearly always comic.”
—Lewis H. Lapham (b. 1935)