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Econometrics: A Bird’s Eye View
Geweke, John F.; Horowitz, Joel L.; Pesaran, M. Hashem - Institute for the Study of Labor (IZA) - 2006
modeling the sources of heterogeneity when suitable panel data exists. The counterfactual considerations that underlie policy … forecasting, decision making, model evaluation and learning can be considered as parts of the same interactive and iterative …
Persistent link: https://www.econbiz.de/10005763931
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Prediction markets for economic forecasting
Snowberg, Erik; Wolfers, Justin; Zitzewitz, Eric - 2012
Prediction markets - markets used to forecast future events - have been used to accurately forecast the outcome of political contests, sporting events, and, occasionally, economic outcomes. This chapter summarizes the latest research on prediction markets in order to further their utilization by...
Persistent link: https://www.econbiz.de/10010287666
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Prediction Markets for Economic Forecasting
Snowberg, Erik; Wolfers, Justin; Zitzewitz, Eric - Institute for the Study of Labor (IZA) - 2012
Prediction markets – markets used to forecast future events – have been used to accurately forecast the outcome of political contests, sporting events, and, occasionally, economic outcomes. This chapter summarizes the latest research on prediction markets in order to further their...
Persistent link: https://www.econbiz.de/10011252271
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Does everyone use probabilities? Intuitive and rational decisions about stockholding
Binswanger, Johannes; Salm, Martin - 2013
with high cognitive skills make decisions akin to the expected utility model. As predicted by our model, in our empirical …We investigate the relationship between subjective probabilities of future stock market returns and decisions about …, individuals with low cognitive skills make decisions in an intuitive non-probabilistic way based on cues and feelings. Individuals …
Persistent link: https://www.econbiz.de/10010293142
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Information Characteristics and Errors in Expectations: Experimental Evidence
Antoniou, Constantinos; Harrison, Glenn; Lau, Morten; … - 2015
significantly lower than originally reported. Controls for non-linear utility further reduce the bias. Our results suggest that …
Persistent link: https://www.econbiz.de/10011401661
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Anchoring in Financial Decision-Making: Evidence from the Field
Jetter, Michael; Walker, Jay K. - 2016
This paper analyzes 12,596 wagering decisions of 6,064 contestants in the US game show Jeopardy!, focusing on the …
Persistent link: https://www.econbiz.de/10011559579
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On Social Preferences and the Intensity of Risk Aversion
Stark, Oded - 2019
We study the relative risk aversion of an individual with particular social preferences: his wellbeing is influenced by his relative wealth, and by how concerned he is about having low relative wealth. Holding constant the individual's absolute wealth, we obtain two results. First, if the...
Persistent link: https://www.econbiz.de/10012059153
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Who Cares about Investing Responsibly? Attitudes and Financial Decisions
Montagnoli, Alberto; Taylor, Karl - 2024
The aim of this paper is twofold. Firstly, we investigate the determinants of individual's attitudes towards investing responsibly, based upon Environmental, Social, and Governance (ESG) considerations. Secondly, we look at how important ESG considerations are, over and above socio-economic...
Persistent link: https://www.econbiz.de/10014567511
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Becoming Sensitive: Males' Risk and Time Preferences after the 2008 Financial Crisis
Jetter, Michael; Magnusson, Leandro; Roth, Sebastian - 2020
This paper presents evidence suggesting men's (but not women's) risk and time preferences have systematically become sensitive to local economic conditions since the 2008 financial crisis. Studying longitudinal, nationally representative data for 22,579 Australian-based respondents in up to 11...
Persistent link: https://www.econbiz.de/10012207735
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How Do Humans Respond to Huge Financial Losses?
Mujcic, Redzo; Powdthavee, Nattavudh - 2022
important ones. In our setting, individuals are handed £100,000 in cash. They then have to make risky decisions. Facing a …
Persistent link: https://www.econbiz.de/10013426385