A pervasive concern with the use of subjective data in choice models is that the data are biased and endogenous. This paper examines the extent to which cognitive biases plague subjective data, specifically addressing 1) whether cognitive dissonance affects the reporting of beliefs, and 2)...

The recent nonexperimental literature on social learning focuses on showing that observational learning exists, that is, individuals do indeed draw inferences by observing the actions of others. We take this literature a step further by analyzing whether individuals are Bayesian social learners....

There has been an almost 60 percent increase in health care expenditures in the US in the past seven years. Employer-sponsored health coverage premiums have increased significantly (87 percent) in this same period. Besides the cost of care for chronic conditions such as migraine, arthritis and...

We consider the problem of model assessment by risk estimation. Variousapproaches to risk estimation are considered in a uni ed framework. This a discussion of various complexity dimensions and approaches to obtainingbounds on covering numbers is also presented.The second type of training sample...

This study investigated some of the early non-technical components of the software development process from the perspective of project success. The causal relationships among these components, as well as their relationship to software practitionersâ overall perception of project success, were...

Purpose – The purpose of this paper is to provide a methodology for benchmarking supplier risks through the creation of Bayesian networks. The networks are used to determine a supplier's external, operational, and network risk probability to assess its potential impact on the buyer...

Purpose – This paper aims to resolve the phenomenon of the gaps between plentiful data and useful information for many manufacturing companies. Design/methodology/approach – By introducing Bayesian dynamic sampling processes, a quality process control cycle will be achieved through the...