This will be a virtual seminar. If you would like to attend, please email: firstname.lastname@example.org for more information.
Speaker: Professor Richard Emsley, NIHR Research Professor, Institute of Psychiatry, Psychology and Neuroscience, King’s College London
Abstract: Causal mediation analysis aims to estimate natural direct and natural indirect effects under clearly specified assumptions. Traditional mediation analysis based on ordinary least squares (OLS) estimation assumes an absence of unmeasured causes to the putative mediator and outcome, even in randomised studies. When these assumptions cannot be justified, instrumental variables (IV) estimators can be used to produce an asymptotically unbiased estimator of the mediator-outcome link. However, this bias removal comes at the cost of variance inflation and requires additional parametric assumptions about the validity of the instruments. I will describe the statistical approaches for identification and estimation of parametric regression and instrumental variable analyses, including examples of multiple instruments. I will introduce a new estimator that strikes a natural trade-off between the unbiasedness of the IV procedure and the relatively small variance of the OLS estimator.