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Table 5 Sensitivity to the choice of β and z: IA survival probabilities

From: Evaluating search and matching models using experimental data

Parameters

SSP Simulations

 

Annual discount factor (β)

0.82

0.82

0.82

0.77

0.87

Elasticity of search costs (z)

1.50

2.00

3.50

1.85

1.85

British Columbia

 

Re-calibrated search cost (c a )

0.252

0.170

0.112

0.157

0.224

Simulated versus actual control group (p-values)

     

12

0.033

0.033

0.033

0.033

0.033

36

0.171

0.171

0.171

0.171

0.171

53

0.299

0.299

0.299

0.299

0.299

All months

0.364

0.364

0.364

0.364

0.364

Simulated versus actual program group (p-values)

     

12

0.001

0.001

0.001

0.513

0.007

36

0.001

0.500

0.001

0.299

0.757

53

0.001

0.660

0.018

0.075

0.468

All months

0.001

0.756

0.003

0.131

0.654

Simulated versus actual impact (p-values)

     

12

0.001

0.260

0.001

0.383

0.484

36

0.023

0.148

0.001

0.815

0.235

53

0.016

0.655

0.017

0.630

0.803

New Brunswick

 

Re-calibrated search cost (c a )

0.109

0.070

0.031

0.069

0.093

Simulated versus actual control group (p-values)

     

12

0.942

0.942

0.942

0.942

0.942

36

0.984

0.984

0.984

0.984

0.984

53

0.332

0.332

0.332

0.332

0.332

All months

0.576

0.576

0.576

0.576

0.576

Simulated versus actual program group (p-values)

     

12

0.001

0.001

0.213

0.001

0.001

36

0.001

0.001

0.251

0.001

0.001

53

0.001

0.001

0.381

0.001

0.001

All months

0.001

0.001

0.988

0.001

0.001

Simulated versus actual impact (p-values)

     

12

0.001

0.001

0.371

0.001

0.001

36

0.001

0.001

0.431

0.001

0.001

53

0.001

0.001

0.922

0.001

0.001

  1. Note: See notes for Table 2