Showing 1 - 10 of 192
The behavior of artificial intelligences algorithms (AIAs) is shaped by how they learn about their environment. We compare the prices generated by AIAs that use different learning protocols when there is market interaction. Asynchronous learning occurs when the AIA only learns about the return...
Persistent link: https://www.econbiz.de/10012496088
In the long run, we are all dead. Nonetheless, when studying the short-run dynamics of economic models, it is crucial to consider boundary conditions that govern long-run, forward-looking behavior, such as transversality conditions. We demonstrate that machine learning (ML) can automatically...
Persistent link: https://www.econbiz.de/10015056176
We estimate institutional investor preferences based on their proxy voting records in publicly listed Russell 3000 firms. We employ a spatial model of proxy voting, the W-NOMINATE method for scaling legislatures, and map institutional investors onto a left-right dimension based on their votes...
Persistent link: https://www.econbiz.de/10012479668
paper proposes that what partly explains the structure of ideology is moral universalism: the extent to which people …
Persistent link: https://www.econbiz.de/10012481366
We test the relationship between historical immigration to the United States and political ideology today. We …-lasting effect on the political ideology of US born individuals. Our analysis proceeds in three steps. First, we document that the … historical presence of European immigrants is associated with a more liberal political ideology and with stronger preferences for …
Persistent link: https://www.econbiz.de/10012481821
Ideas about what is "fair" above and beyond the individual's position in the income ladder influence preferences for redistribution. We study the dynamic evolution of different economies in which redistributive policies, perceptions of fairness, inequality and growth are jointly determined. We...
Persistent link: https://www.econbiz.de/10012463062
confirms an economically significant demand for news slanted toward one's own political ideology. Firms respond strongly to …
Persistent link: https://www.econbiz.de/10012465953
Preferences for redistribution, as well as the generosities of welfare states, differ significantly across countries. In this paper, we test whether there exists a feedback process of the economic regime on individual preferences. We exploit the "experiment" of German separation and...
Persistent link: https://www.econbiz.de/10012466972
-interest, knowledge, and ideology in public opinion formation? And how do people learn about economic issues? Using a new, specially … insurance), ideology is the most important determinant of public opinion, while measures of self-interest are the least …
Persistent link: https://www.econbiz.de/10012467903
There are two different types of media bias. One bias, which we refer to as ideology, reflects a news outlet's desire …
Persistent link: https://www.econbiz.de/10012469412