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standard in several fields of sciences, their use in estimation and modelling in econometrics appears to be still limited. We …
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A new hyperplanes intersection simulated annealing (HISA) algorithm, based on a discrete representation of the search … model. As a prerequisite of the discrete space simulated annealing algorithm, also, a multi-start hyperplanes intersection … local search algorithm (HILS) is devised. The implementation of the local search and simulated annealing algorithms searches …
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Errors in probabilistic reasoning have been the focus of much psychology research and are among the original topics of modern behavioral economics. This chapter reviews theory and evidence on this topic, with the goal of facilitating more systematic study of belief biases and their integration...
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