True/False
A weak instrument (an instrument that does a poor job of explaining the endogenous variable) will always produce better results than OLS.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q12: An instrumental variable explains both the endogenous
Q13: The variance of 2SLS Bj will be
Q14: Please explain how non-compliance could lead to
Q15: Which of the following best characterizes the
Q16: In order to statistically verify that an
Q18: The estimation of an instrumental variable model
Q19: Describe the process of blocking in a
Q20: Which of the following is true about
Q21: Please compare the benefits of using 2SLS
Q22: Give the probability limit equations for OLS