From controlled to undisciplined data: estimating causal effects in the era of data science using a potential outcome framework

Understand

This paper discusses the fundamental principles of causal inference - the area of statistics that estimates the effect of specific occurrences, treatments, interventions, and exposures on a given outcome from experimental and observational data.

• We explain the key assumptions required to identify causal effects, and highlight the challenges associated with the use of observational data.
• We emphasize that experimental thinking is crucial in causal inference.
• The quality of the data (not necessarily the quantity), the study design, the degree to which the assumptions are met, and the rigor of the statistical analysis allow us to credibly infer causal effects.