Graphical tools for selecting conditional instrumental sets

DOI10.1093/BIOMET/ASAD066arXiv2208.03697MaRDI QIDQ6407193

Leonard Henckel, Martin Buttenschön, Marloes H. Maathuis

Publication date: 7 August 2022

Abstract: We consider the efficient estimation of total causal effects in the presence of unmeasured confounding using conditional instrumental sets. Specifically, we consider the two-stage least squares estimator in the setting of a linear structural equation model with correlated errors that is compatible with a known acyclic directed mixed graph. To set the stage for our results, we characterize the class of valid conditional instrumental sets that yield consistent two-stage least squares estimators for the target total effect and derive a new asymptotic variance formula for these estimators. Equipped with these results, we provide three graphical tools for selecting more efficient valid conditional instrumental sets. First, a graphical criterion that for certain pairs of valid conditional instrumental sets identifies which of the two corresponding estimators has the smaller asymptotic variance. Second, an algorithm that greedily adds covariates that reduce the asymptotic variance to a given valid conditional instrumental set. Third, a valid conditional instrumental set for which the corresponding estimator has the smallest asymptotic variance that can be ensured with a graphical criterion.

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