Showing 1 - 10 of 227
In this paper we show that omitted variables and publication bias lead to severely biased estimates of the value of a …
Persistent link: https://www.econbiz.de/10013132340
application of adult women's decisions to undertake mammography to evaluate the importance of present bias and naivety in the … under-utilization of this preventive health care. Our results show evidence for both present bias and naivety …
Persistent link: https://www.econbiz.de/10013137310
Outcome bias occurs when an evaluator considers ex-post outcomes when judging whether a choice was correct, ex-ante. We … formalize this cognitive bias in a simple model of distorted Bayesian updating. We then examine strategy changes made by …
Persistent link: https://www.econbiz.de/10013119785
direction of the bias varies with bandwidth choice and the location of the data heaps relative to the treatment threshold …
Persistent link: https://www.econbiz.de/10013120302
We propose a test of bias based upon patterns of judicial errors. We model the trial court as minimizing a weighted sum … of type I and II errors. We define racial bias a situation where the weight depends on defendant/victim race. If the …
Persistent link: https://www.econbiz.de/10013125925
This paper studies the optimal level of discretion in policymaking. We consider a fiscal policy model where the … government has time-inconsistent preferences with a present-bias towards public spending. The government chooses a fiscal rule to …
Persistent link: https://www.econbiz.de/10013097776
no evidence that plan participants undo this affiliation bias through their investment choices. Finally, the subsequent …
Persistent link: https://www.econbiz.de/10013087436
"Site selection bias" can occur when the probability that a program is adopted or evaluated is correlated with its … impacts. I test for site selection bias in the context of the Opower energy conservation programs, using 111 randomized …
Persistent link: https://www.econbiz.de/10013090187
and show they behave well in realistic scenarios, correcting the large bias problem of the full sample estimator. We use …
Persistent link: https://www.econbiz.de/10013071514
A statistical theory of overconfidence is proposed and applied to the issue of occupational choice. Individuals who can choose whether to engage in an activity or not must estimate their performance. The estimates have error and that error has positive expectation among those who engage in the...
Persistent link: https://www.econbiz.de/10013000521