Showing 1 - 10 of 3,312
In an attempt to free bootstrap theory from the shackles of asymptotic considerations, this paper studies the … possibility of justifying, or validating, the bootstrap, not by letting the sample size tend to infinity, but by considering the … sequence of bootstrap P values obtained by iterating the bootstrap. The main idea of the paper is that, if this sequence …
Persistent link: https://www.econbiz.de/10011295590
bootstrap, which involve the new CRVEs, jackknife-based bootstrap data-generating processes, or both. Extensive simulation …
Persistent link: https://www.econbiz.de/10013172440
This paper develops a specification test for instrument validity in the heterogeneous treatment effect model with a binary treatment and a discrete instrument. The strongest testable implication for instrument validity is given by the condition for nonnegativity of point-identifiable complier's...
Persistent link: https://www.econbiz.de/10010392075
Since the introduction of bootstrap DEA there is a growing literature on applications which use this method, mainly for … hypothesis testing. It is therefore important to establish the consistency and evaluate the performance of bootstrap DEA. The few … coverage probabilities are not a good tool of assessment. In our study we evaluate the performance of bootstrap DEA using the …
Persistent link: https://www.econbiz.de/10009583702
This paper shows how to bootstrap hypothesis tests in the context of the Parks (Efficient estimation of a system of … that the bootstrap outperforms Parks's top competitor. The Parks estimator has been a workhorse for the analysis of panel …
Persistent link: https://www.econbiz.de/10012018487
This paper shows how to bootstrap hypothesis tests in the context of the Parks’s (1967) Feasible Generalized Least … Squares estimator. It then demonstrates that the bootstrap outperforms FGLS(Parks)’s top competitor. The FGLS(Parks) estimator …
Persistent link: https://www.econbiz.de/10012160012
This paper is a solution to a problem that was put forward by Pandit(2002). The problem is to increase the reliability of a system, which, depends on a set of components connected in series. The increment can be done, by connecting to each of the components, similar components in parallel under...
Persistent link: https://www.econbiz.de/10014045043
This paper compares two methods for undertaking likelihood-based inference in dynamic equilibrium economies: a Sequential Monte Carlo filter proposed by Fernandez-Villaverde and Rubio-Ramirez (2004) and the Kalman filter. The Sequential Monte Carlo filter exploits the nonlinear structure of the...
Persistent link: https://www.econbiz.de/10014048591
Bayesian empirical approaches appear frequently in fields such as engineering, computer science, political science and medicine, but almost never in law. This article illustrates how such approaches might be very useful in empirical legal studies. In particular, Bayesian approaches enable a much...
Persistent link: https://www.econbiz.de/10014050094
The standard forms of bootstrap iteration are very computationally demanding. As a result, there have been several … attempts to alleviate the computational burden by use of approximations. In this paper, we extend the fast double bootstrap of … demands increase exponentially. In a series of simulation experiments, we show that the fast triple bootstrap improves on both …
Persistent link: https://www.econbiz.de/10014153678