Showing 1 - 10 of 328
This paper develops a model of choice that embeds some psychological aspects affecting decision maker's behaviour. In the model, the decision maker attaches an unobservable psychological index -representing, e.g., the level of perceived availability or the level of salience- to each alternative...
Persistent link: https://www.econbiz.de/10010280751
estimation, using data with self-reported periods of hunger earlier in life, with famines as instruments. The data contain … estimation to deal with imperfect recollection of conditions at very early stages of life. The estimated average causal effects …
Persistent link: https://www.econbiz.de/10010321143
indicators for the type of incentive - whether immigrants' religiosity serves as a bridge or a buffer in the process of …), the American General Social Survey (GSS), and the International Social Survey Program (ISSP). Estimation of extended mass … religiosity of immigrants serves as a bridge between the immigrants and the local population, in Europe it has mainly the function …
Persistent link: https://www.econbiz.de/10010336000
of the fixed link between Denmark and Sweden in 2000 (The Oresund Bridge) as a quasi-natural experiment. Our Synthetic … absence of the bridge. Evaluating actual trade against its synthetic counterpart for the period 2001-2008 shows that Danish …-Swedish trade was 24.6% larger than it would have been in the absence of the bridge using our preferred specification. The result is …
Persistent link: https://www.econbiz.de/10013208913
Persistent link: https://www.econbiz.de/10013342552
It has long been recognized that there is considerable heterogeneity in individual risk taking behavior but little is known about the distribution of risk taking types. We present a parsimonious characterization of risk taking behavior by estimating a finite mixture regression model for three...
Persistent link: https://www.econbiz.de/10014207351
In a travel mode choice context, we use survey data to construct and test the significance of five individual specific latent variables - environmental preferences, safety, comfort, convenience and flexibility - postulated to be important for modal choice. Whereas the construction of the safety...
Persistent link: https://www.econbiz.de/10010321530
This paper develops a theory of revealed preferences over one.s own and others.monetary payoffs. We introduce .more altruistic than.(MAT), a partial ordering over preferences, and interpret it with known parametric models. We also introduce and illustrate .more generous than. (MGT), a partial...
Persistent link: https://www.econbiz.de/10010322729
In an earlier paper [Rational choice and AGM belief revision, Artificial Intelligence, 2009] a correspondence was established between the choice structures of revealed-preference theory (developed in economics) and the syntactic belief revision functions of the AGM theory (developed in...
Persistent link: https://www.econbiz.de/10012655885
Traditionally, economists make a sharp distinction between stated and revealed preferences, viewing the latter as more fully meeting the assumptions of economic analysis. Here, we consider one form of empirical evidence regarding this belief: the consistency of choices in stated and revealed...
Persistent link: https://www.econbiz.de/10010315548