## Abstract We consider a utilityβconsistent static labor supply model with flexible preferences and a nonlinear and possibly nonβconvex budget set. Stochastic error terms are introduced to represent optimization and reporting errors, stochastic preferences, and heterogeneity in wages. Coherency co
Estimation of Error Rates by Means of Simulated Bootstrap Distributions
β Scribed by K.-D. Wernecke; G. Kalb
- Publisher
- John Wiley and Sons
- Year
- 1987
- Tongue
- English
- Weight
- 318 KB
- Volume
- 29
- Category
- Article
- ISSN
- 0323-3847
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β¦ Synopsis
The bootstrap error estimation method is investigated in comparison with the known n-method and with a combined error estimation suggested by us using simulated and normally distributed "populations" in 15 and 30 characters, respectively. For small sample sim (below the double to threefold number of characters per class) the estimates resulting from the bootstrap method are on the average too small and can no longer be. accepted. Significantly better results (with an essentially lower calculation expenditure) are obtained for the n-method and the combined estimation. The variability is essentially the same for all the t h p e methods. This applies both in the 0888 of rather badly mparated and in the caw of very well separated populations.
A bootatrap estimation modified by us also gives unsatisfactory resulte.
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