It is stated in the text on page 410 that normed weights derived from propensity scores should average to 1. Why do the normed weights present in the figure in 20.15 not average to 1?
mean(c(0.625,1,2.5,1))
[1] 1.28125
Following the procedure laid out in the text on page 410 shouldn't the weights and psuedo population be closer to this:
It is stated in the text on page 410 that normed weights derived from propensity scores should average to 1. Why do the normed weights present in the figure in 20.15 not average to 1?
Following the procedure laid out in the text on page 410 shouldn't the weights and psuedo population be closer to this:
Both the normed weights in figure 20.15 and those above return the same sample ATE, which is what is expected from the text:
Which set of normed weights are correct?