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form obtains if relative choice probabilities are independent of irrelevant alternatives and invariant to utility …
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different software packages. To ease the selection process, we develop a decision tree whose branches combine conceptual … finally illustrate the decision tree on selected German macroeconomic time series. …
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This paper considers factor estimation from heterogenous data, where some of the variables are noisy and only weakly informative for the factors. To identify the irrelevant variables, we search for zero rows in the loadings matrix of the factor model. To sharply separate these irrelevant...
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equilibrium. A majority of these applications exploit two decision-theoretic properties not shared by the standard model of …
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