and

The most efficient method for the TVN case used equation (14), so this suggests that equation (26) could be used for an efficient TVT method. Unfortunately, there is no easy computation of that uses univariate and bivariate t distribution values. However, a combination of equations (25) and (26) can be used for a practical method. First define

with . If equation (25) is used, with variables 1 and 3 interchanged, to compute from , then

where . The simplified term in the integrand's argument numerator occurs because the zeros in result in . The equation for the combined method is

The singular can be efficiently computed with BVT values using

where is the standard bivariate t distribution function.

2004-04-13