Because the compliance probability denominator is very close to one, fuzzy regression discontinuity estimates differ only trivially from the sharp design estimates on the entire sample.
Source quote, verbatim
However, because the denominator is very close to 1 in our investigation, empirical results show that the differences between the SRD and the FRD approach are of minor importance.
From
Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Hedge Fund Performance (2014), 5.2.1. Entire Sample https://ssrn.com/abstract=2389416 · source PDF
Cite as
Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Hedge Fund Performance (2014). SSRN: https://ssrn.com/abstract=2389416
Holds when
entire sample
compliance with mandatory disclosure near certain above the threshold
Classification
empiricalsupport: evidencedresearch-methods
Related claims
restated_bykaal:claim:2816408-018 The sharp and fuzzy regression discontinuity approaches yield results of only minor difference in this setting...
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