Search Results - subject:"bayesian learning"

Dynamics in risk taking with a low-probability hazard

Royal, Andrew - In: Journal of risk and uncertainty : JRU 55 (2017) 1, pp. 41-69

Persistent link: https://www.econbiz.de/10011804671

Health information and consumer learning in the bottled water market

Huang, Lu; Liu, Yizao - In: International journal of industrial organization 55 (2017), pp. 1-24

Persistent link: https://www.econbiz.de/10011804793

Bayesian learning with catastrophe risk : information externalities in a large economy

Wiseman, Thomas E. (contributor) - 2011

Based on a previous study by Amador and Weill (2009), I study thediffusion of dispersed private information in a large economy subject to a”catastrophe risk” state. I assume that agents learn from the actions of oth-ers through two channels: a public channel, that represents learning...

Persistent link: https://www.econbiz.de/10009429334

Essays on the optimal policy response to climate change

Wiseman, Thomas E. (contributor) - 2011

Unchecked anthropogenic climate change has the potential to destroy human lives and wealth on an unprecedented scale. This dissertation analyzes from an economic perspective various public policy options to correct the market failures caused by climate change.The widespread adoption of...

Persistent link: https://www.econbiz.de/10009429397

Price adjustment to news with uncertain precision

Hautsch, Nikolaus; Hess, Dieter; Müller, Christoph - 2011

itself. We propose a Bayesian learning model where market participants receive fundamental information along with noisy …

Persistent link: https://www.econbiz.de/10010311647

Experimentation in Two-Sided Markets

Peitz, Martin; Rady, Sven; Trepper, Piers - 2011

We study optimal experimentation by a monopolistic platform in a two-sided market framework. The platform provider faces uncertainty about the strength of the externality each side is exerting on the other. It maximizes the expected present value of its profit stream in a continuous-time...

Persistent link: https://www.econbiz.de/10010334036

Asset pricing under rational learning about rare disasters

Koulovatianos, Christos; Wieland, Volker - 2011

. Bayesian learning implies that beliefs about the likelihood of rare disasters drop to a much more pessimistic level once a … between rational and adaptive Bayesian learning. Rational learners account for the possibility of future changes in beliefs in …, Bayesian learning, controlled diffusions and jump processes, learning about jumps, adaptive learning, rational learning. …

Persistent link: https://www.econbiz.de/10010368587

On the stability of the CRRA utility under high degrees of uncertainty

Niguez, T M; Paya, I; Peel, D; Perote, J - Department of Economics, Management School - 2011

Economic growth models under uncertainty and rational agents with CRRA utility have been shown to provide quite fragile explanations of consumers.choice as equlib- rium comsumption paths (expected utility) are drastically dependant on distributional assumptions. We show that assuming a SNP...

Persistent link: https://www.econbiz.de/10011165276

Asset pricing under rational learning about rare disasters

Koulovatianos, Christos; Wieland, Volker - House of Finance, Goethe Universität Frankfurt am Main - 2011

Persistent link: https://www.econbiz.de/10010982194

Price adjustment to news with uncertain precision

Hautsch, Nikolaus; Hess, Dieter; Müller, Christoph - Institut für Finanzmarktforschung, Wirtschafts- und … - 2011

itself. We propose a Bayesian learning model where market participants receive fundamental information along with noisy …

Persistent link: https://www.econbiz.de/10010984859