Harenberg, Daniel; Marelli, Stefano; Sudret, Bruno; … - In: Quantitative Economics 10 (2019) 1, pp. 1-41
We present a global sensitivity analysis that quantifies the impact of parameter uncertainty on model outcomes. Specifically, we propose variance-decomposition-based Sobol' indices to establish an importance ranking of parameters and univariate effects to determine the direction of their impact....