Showing 1 - 10 of 1,575
Arrow's information paradox asserts that demand for undisclosed information is undefined. Reassessing the paradox, I … argue that the value of information for the buyer depends on its relevance, which can be known ex ante, and the uncertainty … shifts to the capability of the seller to acquire the knowledge and her reliability in disclosing it. These three together …
Persistent link: https://www.econbiz.de/10009738910
Differential item functioning (DIF) can lead to an unfair advantage or disadvantage for certain subgroups in educational and psychological testing. Therefore, a variety of statistical methods has been suggested for detecting DIF in the Rasch model. Most of these methods are designed for the...
Persistent link: https://www.econbiz.de/10010294791
We present a 12-item scale measuring the cognitive component of economic competence and document the psychometric properties of the scale. Using a data set with more than 12,000 secondary school students in Germany, the scale shows high discriminatory power and covers a wide range of ability...
Persistent link: https://www.econbiz.de/10012939184
study, we focus on the reliability of students earnings expectations. To what extent is observed log earnings expectations … affected by random measurement error (noise)? A test-retest method is applied and reliability is found to be fairly low; about … analysis show how these measures of reliability can be adjusted to become more suitable to other studies, where different …
Persistent link: https://www.econbiz.de/10011653428
uncertainty may prolong into variables derived from diffusion weighted images and thus compromise data validity and reliability …
Persistent link: https://www.econbiz.de/10010274164
consider the effects of refurbishment of existing generation units in order to increase their reliability. This paper presents … prices and generation investment. Capacity payments are found to increase reliability when refurbishment is not possible …, while capacity payments and reliability options yield similar results when refurbishment is possible. Final costs to …
Persistent link: https://www.econbiz.de/10011440355
Reliability has been largely applied to industrial systems in order to study the various possibilities of systems … minimal paths leading to any system’s fault allows for a better control of systems’ safety. To this end, reliability is … reliability, which matches default risk analysis in a simple framework. Our extension includes other distributions of probability …
Persistent link: https://www.econbiz.de/10011496040
a longitudinal survey. Using models that estimate reliability for repeated measures, quasi-simplex models, 33 variables …
Persistent link: https://www.econbiz.de/10010331207
In this paper we seek to make use of the newly available Irish component of the European Union Statistics on Income and Living Conditions (EU-SILC) in order to develop a measure of consistent poverty that overcomes some of the difficulties associated with the original indicators employed as...
Persistent link: https://www.econbiz.de/10010290592
Discrete-choice experiments, while becoming increasingly popular, have rarely been tested for validity and reliability …-to-accept (WTA) for reform options in Swiss health care and health insurance are used to provide independent information with regard … differ between experiments, they tend to vary in similar ways, suggesting at least theoretical validity and reliability. …
Persistent link: https://www.econbiz.de/10010315517