This paper proposes a Bayesian method of performance evaluation for investment managers. We begin with a flexible set … likelihood estimation and does not require a comprehensive or bias-free database. We then apply our methodology to a sample of …

-world economic settings has been difficult to measure. We estimate the extent of a cognitive bias, confirmatory bias, among experts … regression-discontinuity approach to identify confirmatory bias in this real-world setting. We construct a unique personally … standard deviation in poll points in a given week can be attributed to confirmatory bias. This type of updating suggests that …

This paper considers causal inference and sample selection bias in non-experimental settings in which: (i) few units in …-treatment characteristics. We propose the use of propensity score matching methods and implement them using data from the NSW experiment … and compare the estimates of the treatment effect obtained using our methods to the benchmark results from the experiment …

This paper develops and applies semiparametric econometric methods to estimate the form of selection bias that arises … econometric selection model which represents the bias solely as a function of the probability of participation; and (c) the method … of difference-in-differences. Using data from an experiment on a prototypical social program combined with unusually rich …

teachers' classrooms, prior research has largely focused on the validity of value-added measures. We conduct an experiment …

students’ demographic characteristics and previous scores. This paper tests for VAM bias using a procedure that asks whether … model describing the joint distribution of school value-added, bias, and lottery compliance. We use this model to assess the … substantive importance of bias in conventional VAM estimates and to construct hybrid value-added estimates that optimally combine …

Media outlets are increasingly owned by conglomerates, inducing a conflict of interest: a media outlet can bias its … coverage to benefit companies in the same group. We test for bias by examining movie reviews by media outlets owned by News … preferences to disentangle bias due to conflict of interest from correlated tastes. We find no evidence of bias in the reviews for …

evaluation modes, in which stated economic values critically depend on whether the good is valued jointly with others or in …