Bias Reduction Using Stochastic Approximation

• Main Authors: Leung, Denis H. Y., Wang, Y. G.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 1998
• Subjects: Economics
• Online Access: https://ink.library.smu.edu.sg/soe_research/505
• Institution: Singapore Management University

The paper studies stochastic approximation as a technique for bias reduction. The proposed method does not require approximating the bias explicitly, nor does it rely on having independent identically distributed (i.i.d.) data. The method always removes the leading bias term, under very mild conditi...