In an epidemic, the regulation of social distancing and testing is critical for the large group of individuals who are possibly infected, but have not developed clear, distinct symptoms. Each individual’s reaction to a regulation scheme depends on its private probability assessment of being...

This paper considers tests and confidence sets (CSs) concerning the coefficient on the endogenous variable in the linear IV regression model with homoskedastic normal errors and one right-hand side endogenous variable. The paper derives a finite-sample lower bound function for the probability...

This paper considers tests and confidence sets (CSs) concerning the coefficient on the endogenous variable in the linear IV regression model with homoskedastic normal errors and one right-hand side endogenous variable. The paper derives a finite-sample lower bound function for the probability...