Search Results - subject:"Probability weighting"

Informal care and long-term labor market outcomes

Schmitz, Hendrik; Westphal, Matthias - In: Journal of health economics 56 (2017), pp. 1-18

Persistent link: https://www.econbiz.de/10011798899

The nature of risk preferences: Evidence from insurance choices

Barseghyan, Levon; Molinari, Francesca; O'Donoghue, Ted; … - 2011

weighting. Our estimates indicate that nonlinear probability weighting plays the most important role in explaining the data … weighting is large. When we estimate restricted models, we find that nonlinear probability weighting alone can better explain … that incorporates standard risk aversion (concave utility over final wealth), loss aversion, and nonlinear probability …

Persistent link: https://www.econbiz.de/10010292086

Behavioral Properties of the Representative Agent.

Jouini, Elyès; Napp, Clotilde - Université Paris-Dauphine - 2011

In this paper, we show that behavioral features can be obtained at a group level when the individuals of the group are heterogeneous enough. More precisely, starting from a standard model of Pareto optimal allocations, with expected utility maximizers and exponential dis- counting, but allowing...

Persistent link: https://www.econbiz.de/10009195337

An extension of the Becker proposition to non-expected utility theory

Dhami, Sanjit; al-Nowaihi, Ali - Department of Economics, Leicester University - 2011

In a seminal paper, Becker (1968) showed that the most efficient way to deter crime is to impose the severest possible penalty (to maintain adequate deterrence) with the lowest possible probability (to economize on costs of enforcement). We shall call this the Becker proposition (BP). The BP is...

Persistent link: https://www.econbiz.de/10009293085

Revisiting g-estimation of the Effect of a Time-varying Exposure Subject to Time-varying Confounding

Vansteelandt, Stijn; Sjolander, Arvid - In: Epidemiologic Methods 5 (2016) 1, pp. 37-56

Abstract Marginal Structural Models (MSMs), with the associated method of inverse probability weighting (IPW), have …

Persistent link: https://www.econbiz.de/10014590610

Decomposing differences in arithmetic means : a doubly robust estimation approach

Kaiser, Boris - In: Empirical economics : a journal of the Institute for … 50 (2016) 3, pp. 873-899

Persistent link: https://www.econbiz.de/10011481139

Inverse S-shaped probability weighting functions in first-price sealed-bid auctions

Keskin, Kerim - In: Review of economic design : RED 20 (2016) 1, pp. 57-67

Persistent link: https://www.econbiz.de/10011482540

Insurance demand and heterogeneity in risk perception

Werner, Katarzyna - In: The journal of insurance issues : official journal of … 39 (2016) 1, pp. 69-91

Persistent link: https://www.econbiz.de/10011451476

De-biasing the reporting bias in social media analytics

Chen, Hongyu; Zheng, Zhiqiang; Ceran, Yasin - In: Production and operations management : an international … 25 (2016) 5, pp. 849-865

Persistent link: https://www.econbiz.de/10011494894

With or without siblings : sorting into competition in the experimental labor market

Yang, Fanzheng; Yu, Li - In: China economic review : an international journal 41 (2016), pp. 284-298

Persistent link: https://www.econbiz.de/10011773470