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From |
"Daniel R. Petrolia" <Petrolia@agecon.msstate.edu> |

To |
<statalist@hsphsun2.harvard.edu> |

Subject |
Re: st: STATA: multivariate probit w/ bootstrap |

Date |
Fri, 02 May 2008 08:18:27 -0500 |

Arne and Stas, Thanks much for your very generous help with my problem. I think we now have at least two more options to derive some estimates thanks to your suggestions. Regards, Dan Petrolia >>> "Arne Risa Hole" <arnehole@gmail.com> 5/2/2008 5:28 AM >>> I agree with Stas that -nlcom- is likely to be a good alternative to the bootstrap but it's worth keeping in mind that it will not be very accurate if the distribution of mean WTP is highly non-normal. This could be the case since WTP is often derived as a function of the ratio of coefficient estimates. In this case the parametric bootstrap represents a compromise between accuracy (-bootstrap-) and computing speed (-nlcom-). Arne On 01/05/2008, Stas Kolenikov <skolenik@gmail.com> wrote: > If you > can express WTP as the function of estimated parameters, then you > should consider -nlcom- that would give you the delta method standard > errors -- if you can technically do that, I would not bother with the > bootstrap. You would probably find yourself wasting a week of your > time setting your bootstrap up properly, to find the standard errors > only differ in the third decimal point from those in -nlcom-. * * For searches and help try: * http://www.stata.com/support/faqs/res/findit.html * http://www.stata.com/support/statalist/faq * http://www.ats.ucla.edu/stat/stata/ * * For searches and help try: * http://www.stata.com/support/faqs/res/findit.html * http://www.stata.com/support/statalist/faq * http://www.ats.ucla.edu/stat/stata/

**References**:**Re: st: STATA: multivariate probit w/ bootstrap***From:*"Stas Kolenikov" <skolenik@gmail.com>

**Re: st: STATA: multivariate probit w/ bootstrap***From:*"Stas Kolenikov" <skolenik@gmail.com>

**Re: st: STATA: multivariate probit w/ bootstrap***From:*"Daniel R. Petrolia" <Petrolia@agecon.msstate.edu>

**Re: st: STATA: multivariate probit w/ bootstrap***From:*"Stas Kolenikov" <skolenik@gmail.com>

**Re: st: STATA: multivariate probit w/ bootstrap***From:*"Arne Risa Hole" <arnehole@gmail.com>

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