Showing 1 - 10 of 2,653
rather than another. In this paper, we develop a theory for ranking distribution functions. Our theory offers a general … asymptotic distribution theory for empirical dominance criteria where it is demonstrated that the associated empirical processes …
Persistent link: https://www.econbiz.de/10010212989
Latent class, or finite mixture, modelling has proved a very popular, and relatively easy, way of introducing much-needed heterogeneity into empirical models right across the social sciences. The technique involves (probabilistically) splitting the population into a finite number of (relatively...
Persistent link: https://www.econbiz.de/10010379269
Asymptotic and bootstrap tests are studied for testing whether there is a relation of stochastic dominance between two distributions. These tests have a null hypothesis of nondominance, with the advantage that, if this null is rejected, then all that is left is dominance. This also leads us to...
Persistent link: https://www.econbiz.de/10003301664
Large differences in mortality rates across those with different levels of education are a well- established fact. This association between mortality and education may partly be explained by confounding factors, including cognitive ability. Cognitive ability may also be affected by education so...
Persistent link: https://www.econbiz.de/10011454345
The Short-Time Compensation (STC) program enables US firms to reduce work hours via pro-rated Unemployment Insurance (UI) benefits, rather than relying on layoffs as a cost-cutting tool. Despite the program's potential to preclude skill loss and rehiring/ retraining costs, firms' participation...
Persistent link: https://www.econbiz.de/10011896898
In this paper, we compare individual survival curves constructed from objective (actual mortality) and elicited subjective information (probability of survival to a given target age). We develop a methodology to estimate jointly subjective and objective individual-survival curves accounting for...
Persistent link: https://www.econbiz.de/10010440549
This study examines factors predicting participation in study abroad programs using a bivariate probit selection model where the probabilities of attending university and studying abroad are jointly estimated. Given that unobserved variables influencing these two sequential events are likely to...
Persistent link: https://www.econbiz.de/10012583510
-gamblers). Our data failed to support our main hypotheses that experienced online gamblers would be more accurate Bayesian decision … comparisons between these types of participants also failed to show any difference in decision weights placed on the two …-reported gambling frequency was stronger for females. Decision modeling found a decreased weight placed on new evidence (over base rate …
Persistent link: https://www.econbiz.de/10014311967
from two studies and three distinct decision tasks, we present data on over 1100 participants documenting the confirmation …
Persistent link: https://www.econbiz.de/10013286207
on life satisfaction. The results have negative implications for the still dominant theory of SWB, set-point theory. This … theory holds that adult SWB does not change in the medium or long term, although temporary fluctuations occur due to specific … life events. Set-point theory has come under increasing criticism in recent years, primarily due to unmistakable evidence …
Persistent link: https://www.econbiz.de/10003966917