Application: Profit vs. Outcomes in Heart Attack Patients
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Binary.
The actual outcome we’re talking about is binary—it’s whether a patient gets the treatment of interest (PCI).
Continuous.
But it’s easier to plot binary outcomes, so we’ll—for a minute anyway—look at binary outcomes with the same within-group means \(\mu(w,x)\). These are what Kim et al. (2023) use.
\[ \begin{aligned} Y_i &= \mu(W_i,X_i) + \varepsilon_i \qfor \mu(w,x) = (x_1 + x_2 + x5)^2 \qand \varepsilon \sim N(0,1) \\ \pi(x) &= \Phi^{-1}\left(x_1^2 + 2x_2^2 - 2 x_3^2 - (x_4+1)^3 - .05*\log(x_5+10) + x_6 - 1.5 \right) \end{aligned} \]
These Things Are Everywhere. What are they communicating?