Hello, Say you use a Monte Carlo process to get a confidence interval. Rather than running 100 iters (or 1000, or whatever) and settling for a fixed p, the idea is to get an arbitrary p value.
So you iterate ad infinitum. As you go, the p goes down, and the interval gets wider. Say you have a measured value, which initially lies outside the interval. You iterate the MC until it becomes so wide it encompasses your value. You then have a p of < 1/(n-1) where n is the # of iterations it took to make the interval this large. I have a gut feeling something is wrong here. It seems a bit too "sporty", a procedure that lets you dial up any desired p value is suspect. However, I can't put my finger on why it is wrong. Any ideas? Pat . . ================================================================= Instructions for joining and leaving this list, remarks about the problem of INAPPROPRIATE MESSAGES, and archives are available at: . http://jse.stat.ncsu.edu/ . =================================================================
