Search Results - subject:"Probabilities"

Transitions in labour market status in EU labour markets

Ward-Warmedinger, Melanie; Macchiarelli, Corrado - In: IZA Journal of European Labor Studies 3 (2014) 17, pp. 1-25

We discuss the ease with which individuals can move between employment, unemployment and inactivity over time in the EU. Transitions from unemployment and inactivity back into employment are relatively weak in Central Eastern, Mediterranean and Continental European labour markets compared to...

Persistent link: https://www.econbiz.de/10011409594

K-state switching models with time-varying transition distributions – Does credit growth signal stronger effects of variables on inflation?

Kaufmann, Sylvia - 2014

probabilities. Data augmentation for the multinomial logit model of the transition probabilities is alternatively based on a random …

Persistent link: https://www.econbiz.de/10011430109

Second order beliefs models of choice under imprecise risk: non-additive second order beliefs vs. nonlinear second order utility

Giraud, Raphaël - In: Theoretical Economics 9 (2014) 3, pp. 779-816

This paper discusses models of choice under imprecise objective probabilistic information featuring beliefs about beliefs -- second order beliefs. A new model, called Second Order Dual Expected Utility (SODEU) featuring non-additive second order beliefs is introduced, axiomatized and...

Persistent link: https://www.econbiz.de/10011599528

Dimming Hopes for Nuclear Power: Quantifying the Social Costs of Perceptions of Risks

Huhtala, Anni; Remes, Piia - Valtion taloudellinen tutkimuskeskus (VATT), Government … - 2014

The preferences expressed in voting on nuclear reactor licenses and the risk perceptions of citizens provide insights into social costs of nuclear power and decision making in energy policy. We introduce an analytical model which shows that where people?s risk perceptions affect their stand on...

Persistent link: https://www.econbiz.de/10011084740

Impact of Interaction Term between Education and Loan Size on Women’s Decision Making

Yasmeen, Kausar; Karim, Mohd Zaini Abd - In: Journal of Entrepreneurship and Business Innovation 1 (2014) 1, pp. 123-141

The purpose of this paper is to evaluate the impact of the microfinance involvement of women’s household decision making.The cross sectional data for this study is collected by using questionnaires. Using random sampling, 744 households are selected from female clients of Khushhali Bank and...

Persistent link: https://www.econbiz.de/10011093347

Individual Survival Curves Comparing Subjective and Observed Mortality Risks

Bissonnette, Luc; Hurd, Michael D.; Michaud, Pierre-Carl - Institute for the Study of Labor (IZA) - 2014

In this paper, we compare individual survival curves constructed from objective (actual mortality) and elicited subjective information (probability of survival to a given target age). We develop a methodology to estimate jointly subjective and objective individual-survival curves accounting for...

Persistent link: https://www.econbiz.de/10011094071

Responsibility judgments of wins and losses in the 2013 chess championship

Nordbye, Gro Hege Haraldsen; Teigen, Karl Halvor - In: Judgment and Decision Making 9 (2014) 4, pp. 335-348

probabilities for these outcomes, demonstrating subadditivity (sums exceeding 100%) in all samples, even among chess experts. The …

Persistent link: https://www.econbiz.de/10010812075

The effects of mental steps and compatibility on Bayesian reasoning

Ayal, Shahar; Beyth-Marom, Ruth - In: Judgment and Decision Making 9 (2014) 3, pp. 226-242

Four laboratory studies were conducted to test the hypothesis that correct Bayesian reasoning can be predicted by two factors of task complexity --- the number of mental steps required to reach the normative solution, and the compatibility between the framing of data presented and the framing of...

Persistent link: https://www.econbiz.de/10010777687

Perceived Ambiguity and Relevant Measures

Mukerji, Sujoy; Klibanoff, Peter; Seo, Kyoungwon - Department of Economics, Oxford University - 2014

relevant measures as reflecting part of perceived ambiguity, meaning subjective uncertainty about probabilities over states …

Persistent link: https://www.econbiz.de/10010780802

Modelling the Age Dynamics of Chronic Health Conditions: Life-Table-Consistent Transition Probabilities and their Application

Denton, Frank T.; Spencer, Byron G. - Department of Economics, McMaster University - 2014

probabilities of contracting the conditions at different ages, of moving from one chronic conditions state to another, and of dying … surveys can be made even more valuable by allowing the calculation of the transition probabilities that define the chronic … conditions age dynamic process. We report the results of simulations based on transition probabilities that we have derived, and …

Persistent link: https://www.econbiz.de/10010934773