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Mistaking noise for bias : victimhood and Hutu-Tutsi reconciliation in East Africa
Blouin, Arthur; Mukand, Sharun W. - 2022
intent of individuals (bias). This "victimhood bias" wherein individuals ascribe noise to bias is much larger for (a … observe that both inter-ethnic contact and economic development are associated with a decline in this victimhood bias. Finally …, those with a lower victimhood bias are more likely to behave cooperatively in inter-ethnic rela-tionships. Our results …
Persistent link: https://www.econbiz.de/10013285857
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Streaming platform and strategic recommendation bias
Bourreau, Marc; Gaudin, Germain - 2018
We consider a streaming platform which carries content from various upstream content providers. Participating customers face personalized recommendations from the platform and consume a mix of content originating from each provider. We analyze when the platform uses its personalized...
Persistent link: https://www.econbiz.de/10011941246
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Implicit preferences inferred from choice
Cunningham, Tom; De Quidt, Jonathan - 2016 - Preliminary draft
A longstanding distinction in psychology is between implicit and explicit preferences. Implicit preferences are ordinarily measured by observing non-choice data, such as response time. In this paper we introduce a method for inferring implicit preferences directly from choices. The necessary...
Persistent link: https://www.econbiz.de/10011415271
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Fear of model misspecification and the robustness premium
Angelopoulos, Konstantinos; Malley, James R. - 2010
Robust decision making implies welfare costs or robustness premia when the approximating model is the true data generating process. To examine the importance of these premia at the aggregate level we employ a simple two-sector dynamic general equilibrium model with human capital and introduce an...
Persistent link: https://www.econbiz.de/10008697052
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Environmental policy under model uncertainty : a robust optimal control approach
Funke, Michael (contributor); Paetz, Michael (contributor) - 2007
Persistent link: https://www.econbiz.de/10003496553
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Nominal and real exchange rate models in South Africa : how robust are they?
Égert, Balázs - 2012
This paper addresses difficulties in modelling exchange rates in South Africa. Real exchange rate models of earlier research seem to be sensitive to the sample period considered, alternative variable definition, data frequency and estimation methods. Alternative exchange rate models proposed in...
Persistent link: https://www.econbiz.de/10009570595
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Robust standard errors in transformed likelihood estimation of dynamic panel data models
Hayakawa, Kazuhiko; Pesaran, M. Hashem - 2012
This paper extends the transformed maximum likelihood approach for estimation of dynamic panel data models by Hsiao, Pesaran, and Tahmiscioglu (2002) to the case where the errors are cross-sectionally heteroskedastic. This extension is not trivial due to the incidental parameters problem that...
Persistent link: https://www.econbiz.de/10009570680
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Robust bond risk premia
Bauer, Michael D.; Hamilton, James D. - 2015 - Rev.: September 25, 2015
A consensus has recently emerged that a number of variables in addition to the level, slope, and curvature of the term structure can help predict interest rates and excess bond returns. We demonstrate that the statistical tests that have been used to support this conclusion are subject to very...
Persistent link: https://www.econbiz.de/10011346306
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Robust implementation of a parsimonious dynamic factor model to nowcast GDP
Duarte, Pablo; Süssmuth, Bernd - 2014
Quarterly GDP figures usually are published with a delay of some weeks. A common way to generate GDP series of higher frequency, i.e. to nowcast GDP, is to use available indicators to calculate a single index by means of a common factor derived from a dynamic factor model (DFM). This paper deals...
Persistent link: https://www.econbiz.de/10010229863
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Robust mechanism design and social preferences
Bierbrauer, Felix; Ockenfels, Axel; Pollak, Andreas; … - 2014
We study a classic mechanism design problem: How to organize trade between two privately informed parties. We characterize an optimal mechanism under selfish preferences and present experimental evidence that, under such a mechanism, a non-negligible fraction of individuals deviates from the...
Persistent link: https://www.econbiz.de/10010260043