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The main goal of this paper is to describe a method for exact inference in general hybrid Bayesian networks (BNs) (with …
Persistent link: https://www.econbiz.de/10009430949
version of the model studied in Bonhomme et al. (2022). We show that inference is possible in this setting using a …
Persistent link: https://www.econbiz.de/10015193955
and when adoption is staggered over time, and discuss estimation and inference in each of these cases. We introduce the …, inference, and visualization of results. …
Persistent link: https://www.econbiz.de/10014296651
Meritocracies aspire to reward hard work and promise not to judge individuals by the circumstances into which they were born. However, circumstances often shape the choice to work hard. I show that people's merit judgments are "shallow" and insensitive to this effect. They hold others...
Persistent link: https://www.econbiz.de/10014420638
We experimentally study how people form predictive models of simple data generating processes (DGPs), by showing subjects data sets and asking them to predict future outputs. We find that subjects: (i) often fail to predict in this task, indicating a failure to form a model, (ii) often cannot...
Persistent link: https://www.econbiz.de/10014536981
We study estimation and inference in panel data regression models when the regressors of interest are macro shocks …. In general, including lags as controls and then clustering over the cross-section leads to simple, robust inference. …
Persistent link: https://www.econbiz.de/10014581866
leads to biased estimates and adversely affects inference if ignored. In the literature, often convenient distribution … ignored entirely. In this thesis, ways to estimate the parameters of the Ricker model and perform inference while accounting … investigated for data on the abundance and log-abundance scales, and how inference is done via the parametric bootstrap and …
Persistent link: https://www.econbiz.de/10009468234
The techniques of simple random sampling are seldom appropriate in the empirical analysis of income distributions. Various types of weighting schemes are usually required either from the point of view of welfare-economic considerations (the mapping of household/family distributions into...
Persistent link: https://www.econbiz.de/10010260745
Starting with a carefully formulated Dirichlet process (DP) mixture model, we derive a generalized product partition model (GPPM) in which the partition process is predictor-dependent. The GPPM generalizes DP clustering to relax the exchangeability assumption through the incorporation of...
Persistent link: https://www.econbiz.de/10009475421
This article considers a methodology for flexibly characterizing the relationship between a response and multiple predictors. Goals are (1) to estimate the conditional response distribution addressing the distributional changes across the predictor space, and (2) to identify important predictors...
Persistent link: https://www.econbiz.de/10009475527