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possible intellectual influences on Becker's theory of marriage, compares Becker's research on marriage with that of some …
Persistent link: https://www.econbiz.de/10003850161
Social preference research has fundamentally changed the way economists think about many important economic and social …
Persistent link: https://www.econbiz.de/10008697134
To discuss experimental results without discussing how they came about makes sense when the results are robust to the way experiments are conducted. Experimental results, however, are - arguably more often than not - sensitive to numerous design and implementation characteristics such as the use...
Persistent link: https://www.econbiz.de/10003923272
Economists are increasingly turning to the experimental method as a means to estimate causal effects. By using …
Persistent link: https://www.econbiz.de/10010223362
consideration. This paper introduces a new method, called the handicap-based method, and characterizes it through appealing … properties. This method assigns not only scores to the items but also weights to the experts. Scores and weights form an … equilibrium for a relationship based on the notion of handicaps. The method is, in a sense made precise in the paper, the …
Persistent link: https://www.econbiz.de/10010246005
In statistics, samples are drawn from a population in a data-generating process (DGP). Standard errors measure the uncertainty in sample estimates of population parameters. In science, evidence is generated to test hypotheses in an evidence-generating process (EGP). We claim that EGP variation...
Persistent link: https://www.econbiz.de/10012696895
experimental research. Unfortunately, there exist no mechanisms to ensure replications are done. We propose such a mechanism …
Persistent link: https://www.econbiz.de/10012123043
Establishing causal relationships is a core aspect of empirical economics. Borrowing ideas from the medical sciences, we propose tentative guidelines for reliable causal inferences that cover aspects related to both the study itself and its fit with the existing background knowledge. Moreover,...
Persistent link: https://www.econbiz.de/10014632289
The real option theory provides a useful tool to evaluate an R&D investment under uncertainty because, unlike the NPV (Net Present Value), it considers the managerial flexibility that may be expand the investment opportunity value. However, most R&D investment projects are open to competing...
Persistent link: https://www.econbiz.de/10003872189
Persistent link: https://www.econbiz.de/10003624058