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Certified Decisions

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arxiv 2502.17830 v1 pith:SOP6XLX7 submitted 2025-02-25 econ.EM econ.THmath.STstat.TH

classification econ.EMecon.THmath.STstat.TH
keywords decisionslosscertifiedconfidencep-certificatesrecommendedactionsadoption
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abstract

Hypothesis tests and confidence intervals are ubiquitous in empirical research, yet their connection to subsequent decision-making is often unclear. We develop a theory of certified decisions that pairs recommended decisions with inferential guarantees. Specifically, we attach P-certificates -- upper bounds on loss that hold with probability at least $1-\alpha$ -- to recommended actions. We show that such certificates allow "safe," risk-controlling adoption decisions for ambiguity-averse downstream decision-makers. We further prove that it is without loss to limit attention to P-certificates arising as minimax decisions over confidence sets, or what Manski (2021) terms "as-if decisions with a set estimate." A parallel argument applies to E-certified decisions obtained from e-values in settings with unbounded loss.

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Forward citations

Cited by 4 Pith papers

Reviewed papers in the Pith corpus that reference this work. Sorted by Pith novelty score. Full citation record

  1. Robust Procurement: Bayesian Design under Worst-Case Approval Constraints

    econ.TH 2025-12 accept novelty 8.0 of 10

    Under worst-case approval constraints, the robustly optimal procurement mechanism is Baron-Myerson with a quantity floor, and price regulation beats quantity regulation only when demand uncertainty is small at the top.

  2. Dynamically Consistent Statistical Decisions

    econ.EM 2026-07 conditional novelty 7.0 of 10

    Frequentist minimax rules often lack interim credibility; two axiomatized dynamically consistent criteria restore it while nesting Manski as-if and Gamma*-minimax.

  3. Robust Inference for Weighted Estimands

    econ.EM 2026-07 accept novelty 7.0 of 10

    The paper constructs minimax-bias estimators and uniformly valid confidence intervals for weighted estimands by bounding differences via parameter heterogeneity and weight distance.

  4. When and How to Pilot: Design Rules for Two-Wave Experiments

    econ.EM 2026-07 accept novelty 6.0 of 10

    A finite-sample decision rule that lets a pilot's variance estimates move the main-wave treatment allocation toward the Neyman allocation only as far as a confidence set allows, with a worst-case regret certificate.

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