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An experimental methodology testing for prudence and third-order preferences
Ebert, Sebastian; Wiesen, Daniel - 2009
We propose an experimental method to test individuals for prudence (i.e. downside risk aversion) outside the expected utility framework. Our method relies on a novel representation of compound lotteries which allows for a systematic parameterization that captures the full generality of prudence....
Persistent link: https://www.econbiz.de/10010270008
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Stochastic analysis and neural network-based yield prediction with precision agriculture
Shoshi, Humayra; Hanson, Erik; Nganje, William; … - In: Journal of Risk and Financial Management 14 (2021) 9, pp. 1-17
In this paper, we propose a general mathematical model for analyzing yield data. The data analyzed in this paper come from a characteristic corn field in the upper midwestern United States. We derive expressions for statistical moments from the underlying stochastic model. Consequently, we...
Persistent link: https://www.econbiz.de/10013201081
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Stochastic analysis and neural network-based yield prediction with precision agriculture
Shoshi, Humayra; Hanson, Erik; Nganje, William; … - In: Journal of risk and financial management : JRFM 14 (2021) 9, pp. 1-17
In this paper, we propose a general mathematical model for analyzing yield data. The data analyzed in this paper come from a characteristic corn field in the upper midwestern United States. We derive expressions for statistical moments from the underlying stochastic model. Consequently, we...
Persistent link: https://www.econbiz.de/10012627667
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An experimental methodology testing for prudence and third-order preferences
Ebert, Sebastian; Wiesen, Daniel - University of Bonn, Germany - 2009
We propose an experimental method to test individuals for prudence (i.e. downside risk aversion) outside the expected utility framework. Our method relies on a novel representation of compound lotteries which allows for a systematic parameterization that captures the full generality of prudence....
Persistent link: https://www.econbiz.de/10004981447
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Sample Size Requirements for Assessing Statistical Moments of Simulated Crop Yield Distributions
Lehmann, Niklaus; Finger, Robert; Klein, Tommy; … - In: Agriculture 3 (2013) 2, pp. 210-220
Mechanistic crop growth models are becoming increasingly important in agricultural research and are extensively used in climate change impact assessments. In such studies, statistics of crop yields are usually evaluated without the explicit consideration of sample size requirements. The purpose...
Persistent link: https://www.econbiz.de/10010675967
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Homevoters vs. leasevoters : a spatial analysis of airport effects
Ahlfeldt, Gabriel M.; Maennig, Wolfgang - 2013 - Version: March 2013
We use a public referendum on a new air traffic concept in Berlin, Germany as a natural experiment to analyze how the interaction of tenure and capitalization effects shapes the outcome of direct democracy processes. We distinguish between homevoters, i.e., voters who are homeowners, and...
Persistent link: https://www.econbiz.de/10009764375
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The impact of objective and subjective measures of air quality and noise on house prices : a multilevel approach for downtown Madrid
Chasco Yrigoyen, Coro; Le Gallo, Julie - 2011 - Draft version
levels. The outline of the paper is as follows. First, we combine a set of noise and air pollutants measured at a number of …
Persistent link: https://www.econbiz.de/10011553481
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Road traffic as a source of noise pollutio : case study : trstenik municipality
Pecić, Ljiljana; Pravdić, Predrag - In: Bizinfo (Blace) : časopis iz oblasti ekonomije … 10 (2019) 1, pp. 69-83
Persistent link: https://www.econbiz.de/10012268807
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Residential noise exposure and health : evidence from aviation noise and birth outcomes
Argys, Laura M.; Averett, Susan; Yang, Muzhe - 2019
), we examine the impact of exposure to excessive noise levels on birth outcomes. Using birth records that include mothers … mothers living near the airport in the direction of the runway. We utilize exogenous variation in noise exposure triggered by … NextGen, which unintentionally increased noise in communities affected by the new flight patterns. Our finding informs policy …
Persistent link: https://www.econbiz.de/10012110475
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Signaling in deterministic and stochastic settings
Jeitschko, Thomas D.; Normann, Hans-Theo - 2011
We contrast a standard deterministic signaling game with one where the signal-generating mechanism is stochastic. With stochastic signals a unique equilibrium emerges that involves separation and has intuitive comparative-static properties as the degree of signaling depends on the prior type...
Persistent link: https://www.econbiz.de/10010307240