Showing 1 - 10 of 529
asymptotic linear expansions with nearly optimal rates. Second, we study the higher-order bias of exact quantile estimators up to … O (1/n). Using a novel non-smooth calculus technique, we uncover previously unknown non-negligible bias components that … "symmetric" bias correction, which admits a feasible implementation. Our simulations confirm the empirical importance of bias …
Persistent link: https://www.econbiz.de/10012509400
We compute confidence intervals for recursive impact factors, that take into account that some citations are more prestigious than others, as well as for the associated ranks of journals, applying the methods to the population of economics journals. The Quarterly Journal of Economics is clearly...
Persistent link: https://www.econbiz.de/10013255633
The tensions between books and book markets as expressions of culture and books as products in profit-making businesses are analysed and insights from the theory of industrial organisation are given. Governments intervene in the market for books through laws concerning prices of books, grants...
Persistent link: https://www.econbiz.de/10002734112
This paper proposes a novel regularisation method for the estimation of large covariance matrices, which makes use of insights from the multiple testing literature. The method tests the statistical significance of individual pair-wise correlations and sets to zero those elements that are not...
Persistent link: https://www.econbiz.de/10010361374
In this paper we specify a linear Cliff and Ord-type spatial model. The model allows for spatial lags in the dependent variable, the exogenous variables, and disturbances. The innovations in the disturbance process are assumed to be heteroskedastic with an unknown form. We formulate a multi-step...
Persistent link: https://www.econbiz.de/10003792846
fixed effects estimator, which ignores measurement errors, is biased. By correcting for the bias one can construct …. -- Panel regression ; multiplicative measurement errors ; bias correction ; asymptotic variance ; disclosure control …
Persistent link: https://www.econbiz.de/10003824983
) misalignment estimates generated by 69 studies. The JMA method accounts for model selection and sampling uncertainties, and allows …
Persistent link: https://www.econbiz.de/10012103616
We measure individual-level loss aversion using three incentivized, representative surveys of the U.S. population (combined N = 3,000). We find that around 50% of the U.S. population is loss tolerant, with many participants accepting negative-expected-value gambles. This is counter to earlier...
Persistent link: https://www.econbiz.de/10013284901
possible outcome reporting bias using gender differences in risk attitudes. There is a strong consensus view in the … outcome reporting bias in the risk and gender literature. We find no evidence that the likelihood of reporting about gender …
Persistent link: https://www.econbiz.de/10010204670
We repeatedly elicit beliefs about the returns to study effort, in a large university course. A behavioral model of quasi-hyperbolic discounting and malleable beliefs predicts that the dynamics of beliefs mirrors the importance of exerting self-control, such that believed returns increase as the...
Persistent link: https://www.econbiz.de/10014490754