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conditional ranking. We also propose a test of Prospect Stochastic Dominance. Our method is based on subsampling and we show that …
Persistent link: https://www.econbiz.de/10014119623
Maniadis et al. (2013) present a theoretical framework that aims at providing insights into the mechanics of proper inference. They suggest that a decision about whether to call an experimental finding noteworthy, or deserving of great attention, should be based on the calculated post-study...
Persistent link: https://www.econbiz.de/10009784010
The random utility model (RUM, McFadden and Richter (1990)) has been the standard tool to describe the behavior of a population of decision makers. RUM assumes that decision makers behave as if they maximize a rational preference over a choice set. This assumption may fail when consideration of...
Persistent link: https://www.econbiz.de/10014306354
A dual process model is proposed that identifies the conditions under which two separate and additive effects on brand preference may obtain. The first is an exposure-order effect that can influence attribute-based processing. The second is the effect of market entry-information that can result...
Persistent link: https://www.econbiz.de/10014225368
market utility functions are convex. In this paper we have constructed a test to verify uncertainty about the concavity of …
Persistent link: https://www.econbiz.de/10012966254
market utility functions are convex. In this paper we have constructed a test to verify uncertainty about the concavity of …
Persistent link: https://www.econbiz.de/10003635940
This paper develops maximum score estimation of preference parameters in the binary choice model under uncertainty in which the decision rule is affected by conditional expectations. The preference parameters are estimated in two stages: we estimate conditional expectations nonparametrically in...
Persistent link: https://www.econbiz.de/10009734334
It is common to rank different categories by means of preferences that are revealed through data on choices. A prominent example is the ranking of political candidates or parties using the estimated share of support each one receives in surveys or polls about political attitudes. Since these...
Persistent link: https://www.econbiz.de/10012667308
This paper considers two-sided matching models with nontransferable utilities, with one side having homogeneous preferences over the other side. When one observes only one or several large matchings, despite the large number of agents involved, asymptotic inference is difficult because the...
Persistent link: https://www.econbiz.de/10012025561
It is common to rank different categories by means of preferences that are revealed through data on choices. A prominent example is the ranking of political candidates or parties using the estimated share of support each one receives in surveys or polls about political attitudes. Since these...
Persistent link: https://www.econbiz.de/10013313592