DISTRIBUTION CHOICE UNDER NULL PRIORS AND SMALL SAMPLE SIZE
Feldman, Paul A., Richardson, James W., Keith D. Schumann, Feldman, Paul A., Richardson, James W., Schumann, Keith D. · RePEc: Research Papers in Economics · 2004
Defining appropriate probability distributions for the variables in an economic model is an important and often arduous task. This paper evaluates the performance of several common probability distributions under different distributional assumptions when sample sizes are small and there is limited information about the data.