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Should We Trust Clustered Standard Errors? A Comparison with Randomization-Based Methods

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NBER2019-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w25926
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We compare the precision of critical values obtained under conventional sampling-based methods with those obtained using sample order statics computed through draws from a randomized counterfactual based on the null hypothesis. When based on a small number of draws (200), critical values in the
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2019-06-01
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