Evaluating efficiency gains in the Linear Probability Model

Fil: Pacheco, Tomás Daniel. Universidad de San Andrés. Departamento de Economía; Argentina.

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Detalles Bibliográficos
Autor principal: Pacheco, Tomás Daniel
Otros Autores: Sosa Escudero, Walter
Formato: Tesis Tesis de maestría updatedVersion
Lenguaje:Inglés
Publicado: Universidad de San Andrés. Departamento de Economía 2025
Acceso en línea:https://repositorio.udesa.edu.ar/handle/10908/25824
Aporte de:
Repositorio Digital - Universidad de San Andrés (UdeSa) de Universidad de San Andrés
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spelling I37-R143-10908-258242025-10-14T03:01:01Z Evaluating efficiency gains in the Linear Probability Model Pacheco, Tomás Daniel Sosa Escudero, Walter Fil: Pacheco, Tomás Daniel. Universidad de San Andrés. Departamento de Economía; Argentina. This paper evaluates the efficiency gains of the Adaptive Least Squares (ALS) estimator proposed by Romano and Wolf (2017) in the context of Linear Probability Models (LPM), where heteroskedasticity is inherent to the model. Using empirical applications and Monte Carlo simulations, we compare ALS to OLS and Probit estimators under three strategies for handling predicted probabilities outside the (0, 1) interval: bounding, sigmoid transformation, and trimming. The results show that efficiency gains from ALS are not systematic and depend on the correction method, with the bounding approach yielding the most substantial improvements. 2025-10-13T17:45:27Z 2025-10-13T17:45:27Z 2025-09 Tesis info:eu-repo/semantics/masterThesis info:ar-repo/semantics/tesis de maestría info:eu-repo/semantics/updatedVersion https://repositorio.udesa.edu.ar/handle/10908/25824 eng info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by-nc-nd/4.0/ application/pdf application/pdf Universidad de San Andrés. Departamento de Economía
institution Universidad de San Andrés
institution_str I-37
repository_str R-143
collection Repositorio Digital - Universidad de San Andrés (UdeSa)
language Inglés
description Fil: Pacheco, Tomás Daniel. Universidad de San Andrés. Departamento de Economía; Argentina.
author2 Sosa Escudero, Walter
author_facet Sosa Escudero, Walter
Pacheco, Tomás Daniel
format Tesis
Tesis de maestría
Tesis de maestría
updatedVersion
author Pacheco, Tomás Daniel
spellingShingle Pacheco, Tomás Daniel
Evaluating efficiency gains in the Linear Probability Model
author_sort Pacheco, Tomás Daniel
title Evaluating efficiency gains in the Linear Probability Model
title_short Evaluating efficiency gains in the Linear Probability Model
title_full Evaluating efficiency gains in the Linear Probability Model
title_fullStr Evaluating efficiency gains in the Linear Probability Model
title_full_unstemmed Evaluating efficiency gains in the Linear Probability Model
title_sort evaluating efficiency gains in the linear probability model
publisher Universidad de San Andrés. Departamento de Economía
publishDate 2025
url https://repositorio.udesa.edu.ar/handle/10908/25824
work_keys_str_mv AT pachecotomasdaniel evaluatingefficiencygainsinthelinearprobabilitymodel
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