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Nonresponse and Focal Point Answers to Subjective Probability Questions
Kleinjans, Kristin J. - 2010
We develop and estimate a panel data model explaining the answers to questions about subjective probabilities, using …
Persistent link: https://www.econbiz.de/10013136709
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Foundations of the Rank-Dependent Probability Weighting Function
Rablen, Matthew D. - 2019
The psychological basis for rank-dependent probability weighting, and for an inverse-S probability weighting function (PWF) in particular, has often been questioned. I examine the existence and shape of the PWF in a model allowing for optimism/pessimism over probability distributions and for...
Persistent link: https://www.econbiz.de/10012860507
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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
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Aggregation in Large Dynamic Panels
Pesaran, M. Hashem - 2011
This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is potentially related to all other micro units, and where micro innovations are allowed to be cross sectionally dependent. Following Pesaran (2003), an optimal aggregate function is...
Persistent link: https://www.econbiz.de/10013129942
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Maximum Likelihood Estimation and Lagrange Multiplier Tests for Panel Seemingly Unrelated Regressions with Spatial Lag and Spatial Errors : An Application to Hedonic Housing Prices...
Baltagi, Badi H. - 2010
This paper proposes maximum likelihood estimators for panel seemingly unrelated regressions with both spatial lag and … spatial lag dependent variable and where the heterogeneity in the panel is incorporated via an error component specification … spatial autocorrelation and random effects for this spatial SUR panel model. The small sample performance of the proposed …
Persistent link: https://www.econbiz.de/10013137243
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An Exponential Class of Dynamic Binary Choice Panel Data Models with Fixed Effects
Al-Sadoon, Majid - 2012
This paper develops a model for dynamic binary choice panel data that allows for unobserved heterogeneity to be …
Persistent link: https://www.econbiz.de/10013096447
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Testing Weak Cross-Sectional Dependence in Large Panels
Pesaran, M. Hashem - 2012
This paper considers testing the hypothesis that errors in a panel data model are weakly cross sectionally dependent … the range [0, 1/4], for all combinations of N and T, and irrespective of whether the panel contains lagged values of the …
Persistent link: https://www.econbiz.de/10013108232
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A New View on Panel Econometrics : Is Probit Feasible after All?
van Praag, B.M.S. - 2015
Mundlak (1978) proposed the addition of time averages to the usual panel equation in order to remove the fixed effects … we demonstrate that in this extended setup Probit estimation on panel data sets does not pose a specific problem. The …
Persistent link: https://www.econbiz.de/10013015010
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Exports, Imports and Wages : Evidence from Matched Firm-Worker-Product Panels
Martins, Pedro S. - 2009
matched firm-worker panel and a matched firm-transaction panel. Our data set follows the population of manufacturing firms and …
Persistent link: https://www.econbiz.de/10013153015
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Forecasting with Spatial Panel Data
Baltagi, Badi H. - 2009
This paper compares various forecasts using panel data with spatial error correlation. The true data generating process … rather than homogeneous panel data models …
Persistent link: https://www.econbiz.de/10013158526