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Cognitive constraints increase estimation biases: Cognitive load and delay in judgments
Allred, Sarah; Crawford, L. Elizabeth; Duffy, Sean; … - Volkswirtschaftliche Fakultät, … - 2014
Previous work has demonstrated that memory for simple stimuli can be biased by information about the category of which the stimulus is a member. These biases have been interpreted as optimally integrating noisy sensory information with category information. A separate literature has demonstrated...
Persistent link: https://www.econbiz.de/10011107343
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Evidence on the effects of mandatory disclaimers in advertising
Green, Kesten C.; Armstrong, J. Scott - Volkswirtschaftliche Fakultät, … - 2012
We found no evidence that consumers benefit from government-mandated disclaimers in advertising. Experiments and common experience show that admonishments to change or avoid behaviors often have effects opposite to those intended. We found 18 experimental studies that provided evidence relevant...
Persistent link: https://www.econbiz.de/10011109369
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Methods to Elicit Forecasts from Groups: Delphi and Prediction Markets Compared
Green, Kesten C.; Armstrong, J. Scott; Graefe, Andreas - Volkswirtschaftliche Fakultät, … - 2007
the 1950s. It can be used for nearly any forecasting, estimation, or decision making problem not barred by complexity or …
Persistent link: https://www.econbiz.de/10005623316
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Learning and judgment shocks in U.S. business cycles
Murray, James - Volkswirtschaftliche Fakultät, … - 2011
This paper examines the role of judgment shocks in combination with other structural shocks in explaining post … augment these forecasts with judgment. These judgments may be interpreted as a reaction to current news stories or policy … information about structural shocks, but judgment itself may also be subject to its own stochastic shocks. I estimate a standard …
Persistent link: https://www.econbiz.de/10008866153
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Working memory and spatial judgments: Cognitive load increases the central tendency bias
Sarah R., Allred; L. Elizabeth, Crawford; Sean, Duffy; … - Volkswirtschaftliche Fakultät, … - 2015
Previous work demonstrates that memory for simple stimuli can be biased by information about the category of which the stimulus is a member. Specifically, stimuli with values greater than the category’s average tend to be underestimated and stimuli with values less than the average are...
Persistent link: https://www.econbiz.de/10011250908
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Pakistan Economy DSGE Model with Informality-The Empirics of Calibration
Ahmed, Waqas - Volkswirtschaftliche Fakultät, … - 2012
. (2012) covering the empirical aspects regarding calibration of both the model and shocks related parameters. We have tried …
Persistent link: https://www.econbiz.de/10011107289
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BSWithJump Model And Pricing Of Quanto CDS With FX Devaluation Risk
EL-Mohammadi, Rachid - Volkswirtschaftliche Fakultät, … - 2009
the credit reference. We present the model, the calibration algorithm, and the quanto CDS pricing. …
Persistent link: https://www.econbiz.de/10011108261
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Overnight Index Rate: Model, Calibration, and Simulation
Yashkir, Yuriy; Yashkir, Olga - Volkswirtschaftliche Fakultät, … - 2013
central peak and the wide fat-tailed component. Calibration algorithm for the model is developed and investigated using the …
Persistent link: https://www.econbiz.de/10011109257
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К вопросу оценки адекватности имитационных моделей банковских бизнес-процессов
Rumyantsev, Mikhail I. - Volkswirtschaftliche Fakultät, … - 2010
This paper presents an overview of some general concepts and techniques of an adequacy estimation of simulation models of the banking business processes. A proposal on specific requirements for computer simulation models to banking activity re-engineering and optimization is formulated.
Persistent link: https://www.econbiz.de/10011260831
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Revisions to the simpler approaches to operational risk: the need for enhanced disclosures and risk sensitive measures
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2015
. Further, as well as accentuating on why issues relating to calibration and adequate focus on Pillar III of Basel II, namely …
Persistent link: https://www.econbiz.de/10011122282