TABLE 2
FROM:
Inducing Greater Transparency: Towards the Establishment of Ethical Rules for Econometrics
David M Levy and Sandra J Peart
BACK TO ARTICLETable 2. Econometrician's dilemma; normal exogenous variables, N=400, 250,000 replications
| 2SLS | C-Min | Min | ||||
|---|---|---|---|---|---|---|
| Bias | Efficiency | Bias | Efficiency | Bias | Efficiency | |
| 2SLS | 0.00 | 1.00 | -0.02 | 0.81 | -0.05 | 0.50 |
| C-Max | 0.02 | 0.88 | 0.00 | 0.97 | -0.03 | 0.73 |
| Max | 0.04 | 0.64 | 0.02 | 0.92 | -0.01 | 0.86 |