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Estimating Derivatives in Nonseparable Models with Limited Dependent Variables

Altonji, Joseph G. - 2011

censored population. We then correct the derivative for the effects of the selection bias. We discuss nonparametric and …

Persistent link: https://www.econbiz.de/10013125741

Estimating Derivatives in Nonseparable Models with Limited Dependent Variables

Altonji, Joseph G.; Otsu, Taisuke; Ichimura, Hidehiko - 2008

censored population. We then correct the derivative for the effects of the selection bias. We propose nonparametric and …

Persistent link: https://www.econbiz.de/10014216569

Hyperbolic Discounting is Rational : Valuing the Far Future with Uncertain Discount Rates

Farmer, J. Doyne - 2009

Conventional economics supposes that agents value the present vs. the future using an exponential discounting function. In contrast, experiments with animals and humans suggest that agents are better described as hyperbolic discounters, whose discount function decays much more slowly at large...

Persistent link: https://www.econbiz.de/10013157111

Behavioral Characterizations of Naiveté for Time-Inconsistent Preferences

Ahn, David S. - 2018

We propose nonparametric deﬁnitions of absolute and comparative naivete. These deﬁnitions leverage ex-ante choice of menu to identify predictions of future behavior and ex-post (random) choices from menus to identify actual behavior. The main advantage of our deﬁnitions is their...

Persistent link: https://www.econbiz.de/10012907429

Do Sympathy Biases Induce Charitable Giving? The Effects of Advertising Content

Sudhir, K. - 2016

to past donors, finds that the effect of sympathy bias on giving is smaller in percentage terms but statistically and … relevance of multiple behavioral theoretical constructs in the sympathy bias and charity domain within one field setting. Beyond …

Persistent link: https://www.econbiz.de/10013006619

Biased Social Learning

Herrera, Helios; Horner, Johannes - 2014

This paper examines social learning when only one of the two types of decisions is observable. Because agents arrive randomly over time, and only those who invest are observed, later agents face a more complicated inference problem than in the standard model, as the absence of investment might...

Persistent link: https://www.econbiz.de/10014201514

Bias in Estimating Multivariate and Univariate Diffusions

Wang, Xiaohu - 2013

and bias formulae are obtained for estimates of the mean reversion parameter. Explicit expressions are given for the … discretization bias and its relationship to estimation bias in both multivariate and in univariate settings. In the univariate … bias and variance for the Vasicek process. The bias and the variance of the Euler method are found to be smaller than the …

Persistent link: https://www.econbiz.de/10013093983

Identification in a Class of Nonparametric Simultaneous Equations Models

Berry, Steven - 2011

We consider identification in a class of nonparametric simultaneous equations models introduced by Matzkin (2008). These models combine standard exclusion restrictions with a requirement that each structural error enter through a “residual index” function. We provide constructive proofs of...

Persistent link: https://www.econbiz.de/10013128672

Estimation of Nonparametric Conditional Moment Models with Possibly Nonsmooth Generalized Residuals

Chen, Xiaohong - 2011

This paper studies nonparametric estimation of conditional moment restrictions in which the generalized residual functions can be nonsmooth in the unknown functions of endogenous variables. This is a nonparametric nonlinear instrumental variables (IV) problem. We propose a class of penalized...

Persistent link: https://www.econbiz.de/10013130682

Nonparametric Inference Based on Conditional Moment Inequalities

Andrews, Donald W. K. - 2011

This paper develops methods of inference for nonparametric and semiparametric parameters defined by conditional moment inequalities and/or equalities. The parameters need not be identified. Confidence sets and tests are introduced. The correct uniform asymptotic size of these procedures is...

Persistent link: https://www.econbiz.de/10013117347