Paldam, Martin - School of Economics and Management, University of Aarhus - 2013
’ of the regressions. The paper examines five possible meanings of the word ‘best’: SR0 is ideal selection with no bias; SR … result in bias. The MST and the FAT-PET have been developed for detection and correction of such bias. The simulations are … observed funnels, while the other four funnels look more realistic. SR1 to SR4 give the mean a substantial bias that confirms …