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Type: cemmap Working Papers Authors: Victor Chernozhukov, Ivan Fernandez-Val and Alfred Galichon ISSN: 1753-9196
Now published in: Economic Theory [Details]
This paper applies a regularization procedure called increasing rearrangement to monotonize Edgeworth and Cornish-Fisher expansions and any other related approximations of distribution and quantile functions of sample statistics. Besides satisfying the logical monotonicity, required of distribution and quantile functions, the procedure often delivers strikingly better approximations to the distribution and quantile functions of the sample mean than the original Edgeworth-Cornish-Fisher expansions. Search |
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