Right now I'm working on an analysis of influence of cultural aspects on investment mode preference. However I have to control for many other factors, for example industry, since some industries, for ...
How are propensity scores different from adding covariates in a regression, and when are they preferred to the latter?
I admit I'm relatively new to propensity scores and causal analysis. One thing that's not obvious to me as a newcomer is how the "balancing" using propensity scores is mathematically different from ...