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Conti, Gabriella - 2014

This paper develops and applies a Bayesian approach to Exploratory Factor Analysis that improves on ad hoc classical approaches. Our framework relies on dedicated factor models and simultaneously determines the number of factors, the allocation of each measurement to a unique factor, and the...

Persistent link: https://www.econbiz.de/10013049750

Household Finances and Social Interaction : Bayesian Analysis of Household Panel Data

Brown, Sarah - 2014

We investigate the relationship between social interaction and household finances using data from the British Household Panel Survey. We contribute to the existing literature by exploring the relationship between a wide range of aspects of household finances and social interaction, rather than...

Persistent link: https://www.econbiz.de/10013051017

Infections, Accidents and Nursing Overtime in a Neonatal Intensive Care Unit : A Bayesian Semiparametric Panel Data Logit Model

Beltempo, Marc - 2020

The paper investigates the effects of nursing overtime on nosocomial infections and medical accidents in a neonatal intensive care unit (NICU). The literature lacks clear evidence on this issue and we conjecture that this may be due to empirical and methodological factors. We thus focus on a...

Persistent link: https://www.econbiz.de/10012838501

Bayesian Panel Quantile Regression for Binary Outcomes with Correlated Random Effects : An Application on Crime Recidivism in Canada

Bresson, Georges - 2020

This article develops a Bayesian approach for estimating panel quantile regression with binary outcomes in the presence of correlated random effects. We construct a working likelihood using an asymmetric Laplace (AL) error distribution and combine it with suitable prior distributions to obtain...

Persistent link: https://www.econbiz.de/10012842061

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

The Quantity and Quality of Children : A Semi-Parametric Bayesian IV Approach

Fruhwirth-Schnatter, Sylvia - 2014

Prior empirical research on the theoretically proposed interaction between the quantity and the quality of children builds on exogenous variation in family size due to twin births and focuses on human capital outcomes. The typical finding can be described as a statistically nonsignificant...

Persistent link: https://www.econbiz.de/10013057041

Survey of Models on Demand, Customer Base-Line and Demand Response and Their Relationships in the Power Market

Heshmati, Almas - 2012

The increasing use of demand-side management as a tool to reliably meet electricity demand at peak time has stimulated … the growing literature on models used to study demand, consumer baseline (CBL) and demand response in the electricity … market. After characterizing the general demand models, it reviews consumer baseline based on which further study the demand …

Persistent link: https://www.econbiz.de/10013104681

Forecasts : Consumption, Production, and Behavioral Responses

Ahmad, Husnain; Gibson, Matthew; Nadeem, Fatiq; Nasim, … - 2023

. Forecast receipt increased demand for protective masks and increased the responsiveness of outdoor time to pollution. Forecast … forecast errors; the training effect suggests that modest educational interventions can durably improve forecasting skills …

Persistent link: https://www.econbiz.de/10014264517

Financial Hardship and Saving Behaviour : Bayesian Analysis of British Panel Data

Brown, Sarah - 2017

We explore whether a protective role for savings against future financial hardship exists using household level panel data. We jointly model the incidence and extent of financial problems, as well as the likelihood of having secured debt and the amount of monthly secured debt repayments,...

Persistent link: https://www.econbiz.de/10012948687

Bayesian Procedures as a Numerical Tool for the Estimation of Dynamic Discrete Choice Models

Haan, Peter - 2012

assumptions which are consistent with economic theory, e.g. log-normally distributed consumption preferences, the Bayesian method …

Persistent link: https://www.econbiz.de/10013106296