“We may define a cause to be an object, followed by another, and where all the objects similar to the first, are followed by objects similar to the second. Or, in other words, where, if the first object had not been, the second never had existed. ” (David Hume 1748) ⊳ Indicative conditional: “If A then B.” ⊳ Counterfactual conditional: “If A had not occurred, C would not have occurred.” ⊳ Example: “If Oswald did not shoot Kennedy, then someone else did. ” (indicative) ⊳ Example: “If Oswald had not shoot Kennedy, then someone else would have done. ” (counterfactual) ⊳ What is the role of counterfactuals in causal analysis? Causality in Econometrics 3/17 Counterfactuals and conditions Manipulability and Mechanisms Epistemic View References Co...