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Autoren: 
Advani, Arun
Sloczynski, Tymon
Datum: 
2013
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 7874
Zusammenfassung: 
In this paper we evaluate the premise from the recent literature on Monte Carlo studies that an empirically motivated simulation exercise is informative about the actual ranking of various estimators when applied to a particular problem. We consider two alternative designs and provide an empirical test for both of them. We conclude that a necessary condition for the simulations to be informative about the true ranking is that the treatment effect in simulations must be equal to the (unknown) true effect. This severely limits the usefulness of such procedures, since were the effect known, the procedure would not be necessary.
Schlagwörter: 
empirical Monte Carlo studies
programme evaluation
treatment effects
JEL: 
C15
C21
C25
C52
Dokumentart: 
Working Paper

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