Table 2.

Shrinkage factor esimates based on 1000 simulation. “Factor” indicates the theoretical asymptotic factor, “Estimate1” indicates the empirical shrinkage factor estimator, ‘Estimate2” indicates the asymptotic shrinkage factor estimator. For each estimator, each entry represents mean of 1, 000 simulation results with standard error in parentheses.

γ	n	PC 1			PC 2
		Factor	Factor Estimate1	Factor Estimate2	Factor	Factor Estimate1	Factor Estimate2
1	100	0.88	0.88(0.017)	0.87(0.076)	0.75	0.75(0.044)	0.76(0.063)
	200		0.88(0.013)	0.87(0.054)		0.75(0.027)	0.75(0.044)
20	100	0.51	0.51(0.037)	0.51(0.038)	0.33	0.34(0.033)	0.32(0.038)
	200		0.51(0.025)	0.51(0.026)		0.34(0.022)	0.33(0.028)
100	100	0.30	0.30(0.024)	0.30(0.030)	0.17	0.17(0.019)	0.17(0.023)
	200		0.30(0.017)	0.30(0.023)		0.18(0.013)	0.17(0.017)
500	100	0.16	0.15(0.014)	0.16(0.020)	0.08	0.08(0.010)	0.08(0.013)
	200		0.15(0.010)	0.16(0.014)		0.08(0.007)	0.08(0.009)