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effect having an opposite sign from the true effect. We present an expression for the asymptotic bias of both OLS and IV … estimators and discuss the conditions under which sign reversal may occur. We provide a method for eliminating this bias when …
Persistent link: https://www.econbiz.de/10011820585
This paper examines alternative forms of match bias arising from earnings imputation. Wage equation parameters are … imputation match criteria (e.g., union status) are severely biased. Related forms of match bias arise with respect to attributes … used as match criteria, but matched imperfectly. For example, an imperfect match on schooling creates bias that flattens …
Persistent link: https://www.econbiz.de/10003285421
The ratio bias - according to which individuals prefer to bet on probabilities expressed as a ratio of large numbers to … researchers especially in health economics emphasizing the policy importance of the phenomenon. Although the bias has been … replicated several times, some doubts remain about its economic significance. Our two experiments show that the bias disappears …
Persistent link: https://www.econbiz.de/10003910098
The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates … misperceptions of probability drive the favorite-longshot bias, as suggested by Prospect Theory. -- Pricing under risk ; probability … weighting ; compound lotteries ; favorite-longshot bias …
Persistent link: https://www.econbiz.de/10003958768
Persistent link: https://www.econbiz.de/10008780291
Throughout the years spanned by the US Vital Statistics Linked Birth and Infant Death Data (1983-2002), birth weights are measured most precisely for children of white and highly educated mothers. As a result, less healthy children, who are more likely to be of low socioeconomic status, are...
Persistent link: https://www.econbiz.de/10008780312
This paper introduces bias-corrected estimators for nonlinear panel data models with both time invariant and time …/selection bias. We then estimate the primary equation by fixed effects including an appropriately constructed control function from … both steps might employ nonlinear fixed effects procedures it is necessary to bias adjust the estimates due to the …
Persistent link: https://www.econbiz.de/10003540299
response rate thresholds as a guide to data quality. -- Non-response ; bias ; school survey ; data linkage ; PISA …
Persistent link: https://www.econbiz.de/10003941758
of respondent and the measure of child health. -- Child health ; income ; reporting bias …
Persistent link: https://www.econbiz.de/10003944292
the desire to send positive signals to others about one’s own skill; this suggests a either a bias in judgment, strategic …
Persistent link: https://www.econbiz.de/10003944720