Table 2.

Bias (“B”, ×100) and standard deviation (“SD”, ×100) of the estimates of μ, σ and τ, in seconds.

		μ		σ		τ
		B	SD	B	SD	B	SD
	CML	1.27	19.97	−0.47	3.05	−1.23	5.08
P=20, N=20	SLB	2.28	19.75	1.87	2.10	−1.89	4.06
	HML	0.26	19.24	0.08	0.52	−0.26	1.45
	HB	0.45	19.60	0.33	1.07	−0.20	2.79
	CML	0.19	19.95	−0.14	1.59	−0.19	3.09
P=20, N=80	SLB	0.65	19.94	0.43	1.65	−0.54	3.29
	HML	0.11	19.84	0.05	0.75	−0.08	1.95
	HB	0.10	19.88	0.04	0.96	−0.03	2.53
	CML	0.01	19.78	−0.03	1.15	−0.02	2.53
P=20, N=500	SLB	0.05	19.78	0.04	1.17	−0.04	2.58
	HML	0.02	19.76	0.01	1.00	−0.03	2.33
	HB	0.00	19.77	0.00	1.04	0.00	2.46
	CML	1.18	20.47	−0.54	3.08	−1.21	5.14
P=80, N=20	SLB	2.19	20.20	1.81	2.14	−1.87	4.14
	HML	0.22	20.00	0.08	0.53	−0.11	1.55
	HB	0.20	19.21	0.16	0.83	−0.10	2.48
	CML	0.02	18.20	−0.02	1.06	−0.01	2.33
P=5, N=500	SLB	0.05	18.18	0.04	1.05	−0.02	2.35
	HML	0.02	18.19	0.02	0.89	−0.01	2.12
	HB	0.02	18.19	0.02	0.99	0.01	2.31