Similar Search Results

Ductor, Lorenzo; Goyal, Sanjeev; Leij, Marco van der; … - 2020

We study the evolution of the influence of journals over the period 1970-2017. In the early 1970's, a number of journals had similar influence, but by 1995, the 'Top 5' journals - QJE, AER, RES, Econometrica, and JPE - had acquired a major lead. This dominance has remained more or less unchanged...

Persistent link: https://www.econbiz.de/10012204670

On the ambiguous consequences of omitting variables

De Luca, Giuseppe; Magnus, Jan R.; Peracchi, Franco - 2015

-generation process, the least-squares estimators have smaller bias (in fact zero bias) but larger variances in the long regression than … in the short regression. But if the long regression is also misspecified, the bias may not be smaller. We provide bias …

Persistent link: https://www.econbiz.de/10010532602

Measuring biases in expectation formation

Peters, Florian; Kucinskas, Simas - 2018

We develop a general framework for measuring biases in expectation formation. The method is based on the insight that biases can be inferred from the response of forecast errors to past news. Empirically, biases are measured by flexibly estimating the impulse response function of forecast...

Persistent link: https://www.econbiz.de/10011869992

On bias, inconsistency and efficiency of various estimators in dynamic panel data models

Kiviet, Jan F. - 1994 - Rev

Persistent link: https://www.econbiz.de/10000151660

The bias of the Gini coefficient due to grouping

Van Ourti, Tom; Clarke, Philip M. - 2008

We propose a first order bias correction term for the Gini index to reduce the bias due to grouping. The first order … reveals an intuitive formula for the remaining second order bias which is useful in empirical analyses. We analyze the … it reduces a considerable share of the bias due to grouping. …

Persistent link: https://www.econbiz.de/10011377108

The origin of prospect theory, or testing the intuitive statistician

Heukelom, Floris - 2005

The origin of prospect theory is the desire to test the intuitive statistician in the real world. The development of this theory by the cognitive psychologists Kahneman and Tversky can be traced to the former's work in cognitive psychophysics, in which deviations from average behavior are termed...

Persistent link: https://www.econbiz.de/10011346453

Cognitive biases and consumer sentiment

Kole, Erik; Noordegraaf-Eelens, Liesbeth; Vringer, Bas - 2019

We investigate whether two heuristics, the peak-end rule and herding, lead to cognitive biases in the index of consumer sentiment published by the University of Michigan. Both affect respondents' assessment of changes in their financial position over the past year. Consistent with the peak-end...

Persistent link: https://www.econbiz.de/10012025977

A theory on media bias and elections

Sun, Junze; Schram, Arthur; Sloof, Randolph - 2019

rise in media bias affects the election outcome in a non-monotonic way, and reduces voter welfare by decreasing the …

Persistent link: https://www.econbiz.de/10012030647

Aggregation bias in elasticities of substitution and the minimum wage paradox

Teulings, Coen N. - 1998

largely due to a bias induced by the aggregation of skill types into broad categories. An assignment model is applied where … the bias. Estimation results for the United States show elasticities of complementarity to be underestimated by up to a …

Persistent link: https://www.econbiz.de/10011299960

Hurting hurts more than helping helps : the role of the self-serving bias

Offerman, Theo - 1999

This paper investigates an implication of the self-serving bias for reciprocalresponses. It is hypothesized that … with the explanation offered by the self-serving bias. …

Persistent link: https://www.econbiz.de/10011300547