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The ratio bias - according to which individuals prefer to bet on probabilities expressed as a ratio of large numbers to … researchers especially in health economics emphasizing the policy importance of the phenomenon. Although the bias has been … replicated several times, some doubts remain about its economic significance. Our two experiments show that the bias disappears …
Persistent link: https://www.econbiz.de/10010277022
We model how people formulate and evaluate goals to overcome self-control problems. People often attempt to regulate their behavior by evaluating goal-related outcomes separately (in narrow psychological accounts) rather than jointly (in a broad account). To explain this evidence, our theory of...
Persistent link: https://www.econbiz.de/10010278795
We model how people formulate and evaluate goals to overcome self-control problems. People often attempt to regulate their behavior by evaluating goal-related outcomes separately (in narrow psychological accounts) rather than jointly (in a broad account). To explain this evidence, our theory of...
Persistent link: https://www.econbiz.de/10009144852
Data from 31 countries participating in the Programme for International Student Assessment (PISA) is used to estimate education production functions for reading literacy. The analysis suggests that the probability of finding statistically significant and correctly signed class size effects...
Persistent link: https://www.econbiz.de/10010261766
We characterize the bias of propensity score based estimators of common average treatment effect parameters in the case …
Persistent link: https://www.econbiz.de/10010268598
We empirically investigate possible distortions in subjective performance evaluations. A key hypothesis is that evaluations are more upward biased the closer the social ties between supervisor and appraised employee. We test this hypothesis with a company data set from a call center organization...
Persistent link: https://www.econbiz.de/10010269802
We analyse response patterns to an important survey of school children, exploiting rich auxiliary information on respondents' and non-respondents' cognitive ability that is correlated both with response and the learning achievement that the survey aims to measure. The survey is the Programme for...
Persistent link: https://www.econbiz.de/10010276708
We study the determinants of biases in subjective performance evaluations in an MTurk experiment to test the implications of a standard formal framework of rational subjective evaluations. In the experiment, subjects in the role of workers work on a real effort task. Subjects in the role of...
Persistent link: https://www.econbiz.de/10013426345
average union premium of roughly 15 percent is called into question. Two forms of measurement error create a downward bias in … standard wage gap estimates. Match bias results from Census earnings imputation procedures that do not include union status as … a match criterion. Downward bias is roughly equal to the proportion of workers with imputed earnings, currently about 30 …
Persistent link: https://www.econbiz.de/10010261534
processes found in most social-science data, such procedures can induce or exacerbate bias, and even inflate the variance … estimates. We term this source of bias ?Iatrogenic? (or econometrician induced) error. Monte Carlo simulations and empirical …
Persistent link: https://www.econbiz.de/10010261852