Narrow search
Showing 1 - 10 of 1,556
Cover Image
Bayesian Exploratory Factor Analysis
Conti, Gabriella - 2014
This paper develops and applies a Bayesian approach to Exploratory Factor Analysis that improves on ad hoc classical approaches. Our framework relies on dedicated factor models and simultaneously determines the number of factors, the allocation of each measurement to a unique factor, and the...
Persistent link: https://www.econbiz.de/10013049750
Cover Image
Household Finances and Social Interaction : Bayesian Analysis of Household Panel Data
Brown, Sarah - 2014
We investigate the relationship between social interaction and household finances using data from the British Household Panel Survey. We contribute to the existing literature by exploring the relationship between a wide range of aspects of household finances and social interaction, rather than...
Persistent link: https://www.econbiz.de/10013051017
Cover Image
Reverse Bayesianism : Revising Beliefs in Light of Unforeseen Events
Becker, Christoph K.; Melkonyan, Tigran; Proto, Eugenio; … - 2021
Bayesian Updating is the dominant theory of learning in economics. The theory is silent about how individuals react to …
Persistent link: https://www.econbiz.de/10013315077
Cover Image
Bayesian Versus Heuristic-Based Choice Under Sleep Restriction and Suboptimal Times of Day
Dickinson, David L. - 2017
This paper examines the impact of a commonly experienced adverse cognitive state on decision making under uncertainty. Specifically, we administer an at-home sleep restriction protocol combined with random assignment to the time-of-day for decision making. Thus, we induce sleepiness in our...
Persistent link: https://www.econbiz.de/10012947720
Cover Image
Gambling Habits and Probability Judgements in a Bayesian Task Environment
Dickinson, David L.; Reid, Parker - 2023
Little is known about how gamblers estimate probabilities from multiple information sources. This paper reports on a preregistered study that administered an incentivized Bayesian choice task to n=465 participants (self-reported gamblers and non-gamblers). Our data failed to support our main...
Persistent link: https://www.econbiz.de/10014346673
Cover Image
Business Conditions and Default Risks Across Countries
Pflüger, Michael - 2011
The risk of default that business firms face is very significant and differs widely across countries. This paper … explores the links between countries' business conditions and international trade embedment and the default risk at the country … default risk of firms which operate in these environments. The predictions are in accord with readily available data …
Persistent link: https://www.econbiz.de/10013128748
Cover Image
Decomposing Changes in Income Risk Using Consumption Data
Blundell, Richard W. - 2011
We develop a new approach to the decomposition of income risk within a nonstationary model of intertemporal choice. The … approach allows for changes in income risk over the life-cycle and with the business cycle. It requires only repeated cross … decomposing income risk. The approach is used to investigate the changes in income risk in Britain across the inequality growth …
Persistent link: https://www.econbiz.de/10013118049
Cover Image
Income Risk, Income Mobility and Welfare
Krebs, Tom - 2012
consumption-saving model with labor income risk and incomplete markets to relate income dynamics to consumption and welfare, and …) welfare-neutral. A smaller part of measured income mobility is due to either welfare-reducing income risk or welfare …
Persistent link: https://www.econbiz.de/10013096445
Cover Image
On the Origin of the Family
Francesconi, Marco - 2009
This paper presents an overlapping generations model to explain why humans live in families rather than in other pair groupings. Since most non-human species are not familial, something special must be behind the family. It is shown that the two necessary features that explain the origin of the...
Persistent link: https://www.econbiz.de/10013153016
Cover Image
Labour Market Status and Migration Dynamics
Bijwaard, Govert E. - 2009
In this empirical paper we assess how labour market transitions and out- and repeated migration of immigrants are interrelated. We estimate a multi-state multiple spell competing risks model with four states: employed, unemployed receiving benefits, out-of-the-labour market (no benefits) and...
Persistent link: https://www.econbiz.de/10013154986