Comparison of Propensity Score Weighting Methods to Remove Selection Bias in Average Treatment Effect Estimates

Authors : Sungur Gürel, Walter Lana Leite

Pages : 989-1031

Doi:10.46778/goputeb.1312865

View : 60 | Download : 94

Publication Date : 2023-10-31

Article Type : Research Paper

Abstract :In this Monte Carlo simulation study, the performance of six different propensity score methods implemented through weighting cases was investigated: inverse probability of treatment weighting, truncated inverse probability of treatment weighting, propensity score stratification, marginal mean weighting through propensity score stratification, optimal full propensity score matching, and marginal mean weighting through optimal full propensity score matching. These methods aim to reduce selection bias in estimates of the average treatment effect (ATE) in observational studies. For the estimation of standard errors of the ATE with weights, three methods were compared: weighted least squares (WLS), Taylor series linearization (TSL), and jackknife (JK). Results indicated that covariance adjustment extensions of the investigated propensity score methods, in combination with TSL and JK standard error estimation methods, remove the selection bias appropriately and provide the most accurate standard errors under the simulated conditions.
Keywords : Gözlemsel Çalışma, Eğilim Puanı Metodları, Ortalama İşlem Etkisi, Standart Hata