Table 1.
Results from simulation study under scenario 1. Presented are the simulation estimates, Monte-Carlo standard errors (SE), and estimated robust standard errors ()
|
β0 = 50 |
β1 = 1 |
β2 = 1 |
|||||||
|---|---|---|---|---|---|---|---|---|---|
| Method | Est. | SE | Est. | SE | Est. | SE | |||
| CSEM | 49.9 | 0.63 | 0.66 | 0.99 | 0.15 | 0.16 | 1.00 | 0.13 | 0.13 |
| TEM | 50.5 | 0.38 | 0.38 | 0.82 | 0.10 | 0.11 | 0.75 | 0.10 | 0.11 |
| Ignore | 48.1 | 0.09 | 0.09 | 0.54 | 0.09 | 0.09 | 0.73 | 0.09 | 0.09 |
| Exclude | 46.8 | 0.13 | 0.13 | 0.63 | 0.13 | 0.13 | 0.97 | 0.13 | 0.13 |
| Adjust (A) | 46.8 | 0.12 | 0.13 | 0.39 | 0.09 | 0.09 | 0.72 | 0.09 | 0.09 |
| Adjust (B) | 46.8 | 0.13 | 0.13 | 0.63 | 0.13 | 0.13 | 0.97 | 0.13 | 0.13 |
| IV | 52.5 | 1.20 | 1.19 | 1.04 | 0.18 | 0.18 | 0.78 | 0.12 | 0.12 |