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achieve research goals. Hence reviewers and editors should not reject a manuscript on the basis of potential non-response bias …
Persistent link: https://www.econbiz.de/10005869968
We use survey data to demonstrate that individuals extrapolate from their peer groups when forming estimates about aggregate economic outcomes (e.g. the aggregate homeownership rate). In a first approach, we follow the previous literature and construct hypothetical peer groups using information...
Persistent link: https://www.econbiz.de/10013370144
In this paper, we test how reporting behaviors (response time, cognitive effort, questionnaire order) affect reported happiness in a large Dutch internet panel survey. We find that slower responses and higher cognitive effort reduce reported happiness. Moreover, in multivariate happiness...
Persistent link: https://www.econbiz.de/10010316901
In this paper I investigate response bias in survey data on annual driving mileage and evaluate the performance of a … designed to correct for reporting bias, to allow misreporting at the lower censoring point. Orbit fails to detect the nature of … the bias and distorts the income elasticity estimate even further. The message for practitioners using biased data is …
Persistent link: https://www.econbiz.de/10010263241
We provide analytical formulae for the asymptotic bias (ABIAS) and mean squared error (AMSE) of the IV estimator, and … construct a number of bias corrected OLS and IV estimators, which we show to be consistent under a sequential asymptotic scheme …. These bias-corrected estimators are also robust, in the sense that they remain consistent in a conventional asymptotic setup …
Persistent link: https://www.econbiz.de/10010271942
the return to schooling that is subject to positive omitted variable bias (OVB) and negative measurement error bias (MEB … error increases and/or more family background variables are added, the total bias rapidly becomes negative, driving the …
Persistent link: https://www.econbiz.de/10010273950
There have been many attempts, theoretical and empirical, to explain the persistence of a favorite-longshot bias in … model used fails to allow for the existence of horse betting markets which either display no such bias (or a reverse bias …
Persistent link: https://www.econbiz.de/10010335979
In this paper, we test two different kinds of bias; the favorite-longshot/favorite-underdog and the home team bias, and … types of bias. We conduct our tests by subjecting 2001-2004 data for the AFL to detailed scrutiny, using standard … a bias, we test potential profitability via betting simulation. We are able to reject the existence of any significant …
Persistent link: https://www.econbiz.de/10010336075
from players with such an incentive and from neutral third parties with no incentive to bias their beliefs. We find no … difference between the two sets of beliefs, suggesting that people do not negatively bias their beliefs about a strategic …
Persistent link: https://www.econbiz.de/10011993805
In this paper I discuss three issues related to bias of OLS estimators in a general multivariate setting. First, I … discuss the bias that arises from omitting relevant variables. I offer a geometric interpretation of such bias and derive … sufficient conditions in terms of sign restrictions that allows us to determine the direction of bias. Second, I show that …
Persistent link: https://www.econbiz.de/10012059906