A Comparison of Methods of Inference in Randomized Experiments from a Restricted Set of Allocations
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Rerandomization is a strategy of increasing efficiency as compared to complete randomization. The idea with rerandomization is that of removing allocations with imbalance in the observed covariates and then randomizing within the set of allocations with balance in these covariates. Standard asymptotic inference based on mean difference estimator is however conservative after rerandomization. Given a Mahalanobis distance criterion for removing imbalanced allocations, Li et al. (2018) derived the asymptotic distribution of the mean difference estimator and suggested a consistent estimator of its variance. This paper discusses several alternative methods of inference under rerandomization, and compare their performance with that of the method in Li et al. (2018) through a large Monte Carlo simulation. We conclude that some of the methods work better for small or moderate sample sized experiments than the method in Li et al. (2018).
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