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Reverse Bayesianism : Revising Beliefs in Light of Unforeseen Events

Becker, Christoph; Melkonyan, Tigran A.; Proto, Eugenio; … - 2021

Bayesian Updating is the dominant theory of learning in economics. The theory is silent about how individuals react to …

Persistent link: https://www.econbiz.de/10013315077

Robust Estimation of Linear Fixed Effects Panel Data Models with an Application to the Exporter Productivity Premium

Verardi, Vincenzo - 2010

In empirical studies it often happens that some variables for some units are far away from the other observations in the sample. These extreme observations, or outliers, often have a large impact on the results of statistical analyses – conclusions based on a sample with and without these...

Persistent link: https://www.econbiz.de/10013143679

Robust Inequality Comparisons

Aaberge, Rolf - 2010

This paper is concerned with the problem of ranking Lorenz curves in situations where the Lorenz curves intersect and no unambiguous ranking can be attained without introducing weaker ranking criteria than first-degree Lorenz dominance. To deal with such situations Aaberge (2009) introduced two...

Persistent link: https://www.econbiz.de/10013147546

Robust Dynamic Panel Data Models Using E-Contamination

Baltagi, Badi H. - 2020

robustness of Bayesian panel data models to possible misspecication of the prior distribution. The proposed robust Bayesian …

Persistent link: https://www.econbiz.de/10012834582

Is Inequality of Opportunity Robust to the Measurement Approach?

Ramos, Xavier - 2017

Recent literature has suggested many ways of measuring equality of opportunity. We analyze in a systematic manner the various approaches put forth in the literature to show whether and to what extent different choices matter empirically. We use EU-SILC data for most European countries for 2005...

Persistent link: https://www.econbiz.de/10012942095

Robust Linear Static Panel Data Models Using Ε-Contamination

Baltagi, Badi H. - 2014

The paper develops a general Bayesian framework for robust linear static panel data models using ε-contamination. A two-step approach is employed to derive the conditional type-II maximum likelihood (ML-II) posterior distribution of the coefficients and individual effects. The ML-II posterior...

Persistent link: https://www.econbiz.de/10013042986

Cooperativeness and Impatience in the Tragedy of the Commons

Fehr, Ernst; Leibbrandt, Andreas - 2021

reduce the current and the future yield for both others and themselves. Accordingly, economic theory predicts that more …

Persistent link: https://www.econbiz.de/10013325048

Delinquent Networks

Ballester, Coralio - 2009

Delinquents are embedded in a network of relationships. Social ties among delinquents are modeled by means of a graph where delinquents compete for a booty and benefit from local interactions with their neighbors. Each delinquent decides in a non-cooperative way how much delinquency effort he...

Persistent link: https://www.econbiz.de/10012763925

Identification, Screening and Stereotyping in Labour Market Discrimination

Vendrik, Maarten C. - 2009

According to social-psychological research, feelings of uncertainty in decision-making evoke two opposite responses: (i) reduction of uncertainty by information search, leading to less stereotyping of people, and hence less discrimination; (ii) social identification with an ingroup, inducing...

Persistent link: https://www.econbiz.de/10013153510

The Distribution of Ambiguity Attitudes

Gaudecker, Hans-Martin von; Wogrolly, Axel; Zimpelmann, … - 2022

This paper analyzes the stability and distribution of ambiguity attitudes using a broad population sample. Using high …-powered incentives, we collected six waves of data on ambiguity attitudes about financial markets – our main application – and climate … change. Estimating a structural stochastic choice model, we obtain three individual-level parameters: Ambiguity aversion …

Persistent link: https://www.econbiz.de/10014236203