More generally, the potential outcome 𝑌(𝑡) denotes what your outcome would be, if you were to take treatment 𝑡 . A potential outcome 𝑌(𝑡) is distinct from the observed outcome 𝑌 in that not all potential outcomes are observed. Rather all potential outcomes can potentially be observed. The one that is actually observed depends on the value that the treatment 𝑇 takes on
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- (no access) - Introduction_to_Causal_Inference-Nov19_2020-Neal.pdf, p15
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