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Essays on managerial incentives and product-market competition
Spagnolo, Giancarlo - 1999
Persistent link: https://www.econbiz.de/10000997436
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Parametric covariance matrix modeling in Bayesian panel regression
Salabasis, Mickael (contributor) - 2004 - [Elektronische Ressource], Rev. February 16, 2005
The full Bayesian treatment of error component models typically relies on data augmentation to produce the required inference. Never stricly necessary a direct approach is always possible though not necessarily practical. The mechanics of direct sampling are outlined and a template for including...
Persistent link: https://www.econbiz.de/10002595455
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A numerical analysis of the evolutionary stability of learning rules
Josephson, Jens (contributor) - 2001 - [Elektronische Ressource]
; Evolutionary game theory ; Evolutionary Stability ; Learning in games ; Belief learning ; Reinforcement learning … class contains perturbed versions of reinforcement and belief learning as special cases. A large population of individuals …, whereas reinforcement learning is unstable in almost all cases. I also find that in certain games, the stability of …
Persistent link: https://www.econbiz.de/10001622441
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Stochastic adaption in finite games played by heterogeneous populations
Josephson, Jens (contributor) - 2001 - [Elektronische Ressource]
size. -- Bounded rationality ; Evolutionary game theory ; Imitation ; Better replies ; Markov chain ; Stochastic stability …
Persistent link: https://www.econbiz.de/10001622442
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Learning to be prepared
Kets, Willemien (contributor); Voorneveld, Mark (contributor) - 2005 - [Elektronische Ressource]
Behavioral economics provides several motivations for the common observation that agents appear somewhat unwilling to deviate from recent choices: salience, inertia, the formation of habits, the use of rules of thumb, or the locking in on certain modes of behavior due to learning by doing. This...
Persistent link: https://www.econbiz.de/10002640702
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Information updating and insurance dropout : evidence from dental insurance
Grönqvist, Erik (contributor) - 2004 - [Elektronische Ressource]
Micro data from a dental insurance natural experiment is used to analyze why agents opt out of insurance. The purpose is to relate the dropout decision to new information on risk, acquired by the policy holder and the insurer. The results show that agents tend to leave the insurance when...
Persistent link: https://www.econbiz.de/10002570047
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Choosing factors in a multifactor asset pricing model : a Bayesian approach
Ericsson, Johan (contributor); Karlsson, Sune (contributor) - 2003 - [Elektronische Ressource], Rev. February 12, 2004
We use Bayesian techniques to select factors in a general multifactor asset pricing model. From a given set of 15 factors we evaluate all possible pricing models by the extent to which they describe the data as given by the posterior model probabilities. Interest rates, premiums, returns on...
Persistent link: https://www.econbiz.de/10001746452
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Learning the true index level : index return autocorrelation in an REE auction market
Säfvenblad, Patrik - 1997
Persistent link: https://www.econbiz.de/10000971378
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Do opponents' experience matter? : experimental evidence from a quantity precommitment game
Le Coq, Chloé; Jon Thor Sturluson - 2004 - [Elektronische Ressource], Rev. November 10, 2011
This paper investigates why subjects in laboratory experiments on quantity precommitment games consistently choose capacities above the Cournot level - the subgame-perfect equilibrium. We argue that this puzzling regularity may be attributed to players' perceptions of their opponents' skill or...
Persistent link: https://www.econbiz.de/10001913808
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Confidence about inflation forecasts : tests of variance rationality
Batchelor, R. A.; Jonung, L. - 1989
Persistent link: https://www.econbiz.de/10000087688