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Experimental data exhibit considerable individual heterogeneity. We review the econometric methods employed to characterize that heterogeneity. We pay particular attention to the trade-off between collecting and allowing for observable characteristics, such as the familiar demographics, and the...
Persistent link: https://www.econbiz.de/10012142360
It is intuitive that decision-makers might have attitudes towards uncertainty just as they might have attitudes towards risk. However, it is only recently that this intuitive notion has been formalized and axiomatically characterized. We estimate the extent of uncertainty aversion in a manner...
Persistent link: https://www.econbiz.de/10012142361
This book consists of a selected subset of papers presented at the International Symposium of Linked Employer-Employee Data, held in Washington DC, in May 1998 - to address the creation and analysis of such matched data in an environment that safeguards respondent confidentiality. The conference...
Persistent link: https://www.econbiz.de/10009628679
. He also has contributed extensively to the literature on aggregation over approximating specifications in econometrics … unavoidable wedge between econometrics and economic theory. No easy solution exists to this inherently deep problem in econometric … approximating specifications in econometrics, as well as to aggregation over economic agents and goods in economic theory. In …
Persistent link: https://www.econbiz.de/10009657115
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