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References for minimum distance estimator

I cannot tell what the difference between minimum distance estimator (MDE) and GMM is, but there is some discussion of MDE and some further references in chapters 8 and 9 of Hansen "Econometrics&...
Richard Hardy's user avatar
3 votes

Proof Mean with a Smaller Sample Size is a Mean Preserving Spread

The following fact is key. Since $\bar{Y}_n=n^{-1}\sum_{i=1}^n Y_i$, we can take expectations conditional on $\bar{Y}_n$ and use that $\{Y_i\}$ is an i.i.d. sequence to obtain $$\bar{Y}_n=\mathbb{E}[\...
Joseph Basford's user avatar
0 votes

Conjugate priors and Bayesian update

I have figured out the solution. Here is how for the community if one day someone needs it; The crucial thing to consider is that we have $\mathbb{E}\left(p_{t+1}\right)=\mathbb{E}\left(ap_{t}\right)$ ...
optimal control's user avatar

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