True Prob.

UCRPLM

FCRPLM

Pretest

Shrinkage

Shrinkage

0.0

0.025

0.047

0.120

0.014

0.027

0.015

[0.003]

[0.049]

[0.000]

[0.008]

[0.001]

{0.022}

{0.095}

{−0.011}

{0.002}

{−0.010}

0.2

0.100

0.060

0.110

0.021

0.037

0.024

[0.006]

[0.077]

[0.007]

[0.016]

[0.009]

{−0.040}

{0.010}

{−0.079}

{−0.063}

{−0.076}

0.4

0.213

0.071

0.137

0.034

0.062

0.038

[0.026]

[0.094]

[0.033]

[0.042]

[0.034]

{−0.142}

{−0.076}

{−0.179}

{−0.151}

{−0.175}

0.6

0.334

0.084

0.210

0.052

0.123

0.066

[0.069]

[0.133]

[0.082]

[0.087]

[0.080]

{−0.250}

{−0.124}

{−0.282}

{−0.211}

{−0.268}

0.8

0.406

0.115

0.292

0.090

0.259

0.171

[0.094]

[0.153]

[0.117]

[0.113]

[0.104]

{−0.291}

{−0.114}

{−0.316}

{−0.147}

{−0.235}