This paper studies the distribution of the classical t-ratio with datagenerated from distributions with no finite moments and shows how classical testing isaspected by bimodality. A key condition in generating bimodality is independence of theobservations in the underlying data generating...

This paper studies the distribution of the classical t-ratio with data generatedfrom distributions with no nite moments and shows how classical testing is affectedby bimodality. A key condition in generating bimodality is independenceof the observations in the underlying data generating process...