Showing 1 - 10 of 116
A pervasive concern with the use of self-reported health and disability measures in behavioral models is that they are biased and endogenous. A commonly suggested explanation is that survey respondents exaggerate the severity of health problems and incidence of disabilities in order to...
Persistent link: https://www.econbiz.de/10012471248
') bias in the estimates and, after due account is taken of this bias, we find that differences due to estimation method are …
Persistent link: https://www.econbiz.de/10012471319
reliance on intuitions. In none of the tasks are very high stakes sufficient to de-bias participants, or come even close to …
Persistent link: https://www.econbiz.de/10012510529
This paper quantifies the amount of noise and bias in analysts' forecast of corporate earnings at various horizons. We … next decompose the relative accuracy of these forecasts into three components: (i) noise, (ii) bias and (iii) analysts … both noise and bias are increase linearly. We then show most existing models lack a mechanism to account for these facts …
Persistent link: https://www.econbiz.de/10012585447
Platforms are growing increasingly powerful, raising questions about whether their power might be exercised with bias …. While bias is inherently difficult to measure, we identify a context within the music industry that is amenable to bias … suggest the possibility of platform biases in favor of major record labels, and industry participants also point to bias …
Persistent link: https://www.econbiz.de/10012599307
the spot rate. We use the surveys to decompose the bias into a protion attributable to the risk premium and a portion … attributable to systematic prediction errors. The survey data suggest that our findings of both unconditional and conditional bias …
Persistent link: https://www.econbiz.de/10012477109
Most data used to study the durations of unemployment spells come from the Current Population Survey, which is a point-in-time survey and gives an incomplete picture of the underlying duration distribution. We introduce a new sample of completed unemployment spells obtained from panel data and...
Persistent link: https://www.econbiz.de/10012477621
In this paper, I present a simple characterization of the sample selection bias problem that is also applicable to the … problem of sample selection bias is fit within the conventional specification error framework of Griliches and Theil. A simple … estimator is discussed that enables analysts to utilize ordinary regression methods to estimate models free of selection bias …
Persistent link: https://www.econbiz.de/10012478957
The economics of information have been established by now as an integral part of economic analysis. However, surprisingly little has been written on the implications of search (and in particular, job search) for the estimation of the wage function and its ramifications in such cases as the...
Persistent link: https://www.econbiz.de/10012479112
We model visibility bias in the social transmission of consumption behavior. When consumption is more salient than non …
Persistent link: https://www.econbiz.de/10012479520