Search Results - subject:"bayesian updating"

Oil exploration and perceptions of scarcity: The fallacy of early success

Jakobsson, Kristofer; Söderbergh, Bengt; Snowden, Simon; … - In: Energy Economics 34 (2012) 4, pp. 1226-1233

simulation of the exploration process using Bayesian updating. The approach enables us to isolate the information effect on the …

Persistent link: https://www.econbiz.de/10011039513

From perception to action: An economic model of brain processes

Brocas, Isabelle; Carrillo, Juan D. - In: Games and Economic Behavior 75 (2012) 1, pp. 81-103

We build on research from neurobiology to model the process through which the brain maps outside evidence into decisions. The sensory system encodes information through cell-firing. Cell-firing is measured against a threshold, and an action is triggered depending on whether the threshold is...

Persistent link: https://www.econbiz.de/10010577247

Nest-monotonic two-stage acts and exponential probability capacities

Koida, Nobuo - In: Economic Theory 50 (2012) 1, pp. 99-124

Persistent link: https://www.econbiz.de/10010557783

Faith in intuition and behavioral biases

Alós-Ferrer, Carlos; Hügelschäfer, Sabine - In: Journal of economic behavior & organization : JEBO 84 (2012) 1, pp. 182-192

Persistent link: https://www.econbiz.de/10009700485

An unlucky feeling : overconfidence and noisy feedback

Grossman, Zachary; Owens, David - In: Journal of economic behavior & organization : JEBO 84 (2012) 2, pp. 510-524

Persistent link: https://www.econbiz.de/10009703280

Oil exploration and perceptions of scarcity : the fallacy of early success

Jakobsson, Kristofer; Söderbergh, Bengt; Snowden, Simon; … - In: Energy economics 34 (2012) 4, pp. 1226-1233

Persistent link: https://www.econbiz.de/10009688093

Ownership Characteristics and Access to Finance: Evidence from a Survey of Large Privatised Companies in Hungary and Poland

Isachenkova, Natalia; Mickiewicz, Tomasz - 2004

We examine financial constraints and forms of finance used for investment, by analysing survey data on 157 large privatised companies in Hungary and Poland for the period 1998 – 2000. The Bayesian analysis using Gibbs sampling is carried out to obtain inferences about the sample companies’...

Persistent link: https://www.econbiz.de/10009476697

Ownership Characteristics and Access to Finance: Evidence from a Survey of Large Privatised Companies in Hungary and Poland

Isachenkova, Natalia; Mickiewicz, Tomasz - William Davidson Institute, University of Michigan - 2004

Persistent link: https://www.econbiz.de/10005677539

Delegation in a Cheap-Talk Game: A Voting Example

Sengupta, Kunal; Sanyal, Amal - Econometric Society - 2004

Suppose an agent is contemplating an action with state-contingent payoffs, and has a prior belief about the probability of the states. She hires an expert to update her priors before the action. Experts may be both informed as well as uninformed, and are not necessarily truthful. The question...

Persistent link: https://www.econbiz.de/10005130238

When Optimal Choices Feel Wrong: A Laboratory Study of Bayesian Updating, Complexity, and Affect

Charness, Gary; Levin, Dan - Department of Economics, University of California-Santa … - 2003

. In some cases, we create environments where Bayesian updating after a successful outcome should lead a decision-maker to … payoff reinforcement and Bayesian updating are aligned, nearly all people respond as expected. However, when these forces … clash, around 50% of all decisions are inconsistent with Bayesian updating. While people tend to make costly initial choices …

Persistent link: https://www.econbiz.de/10011131650