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Validity and reliability of willingness-to-pay estimates: Evidence from two overlapping discrete-choice experiments

Telser, Harry; Becker, Karolin; Zweifel, Peter - 2008

Discrete-choice experiments, while becoming increasingly popular, have rarely been tested for validity and reliability … differ between experiments, they tend to vary in similar ways, suggesting at least theoretical validity and reliability. …

Persistent link: https://www.econbiz.de/10010315517

Sensitivity to scope in contingent valuation – introducing a flexible community analogy to communicate mortality risk reductions

Sund, Björn - 2009

Validity in contingent valuation (CV) is often tested through the sensitivity of estimated willingness to pay (WTP) to …

Persistent link: https://www.econbiz.de/10012654341

Contingent valuation: A new perspective

Schläpfer, Felix - 2007

After several decades of academic research on the contingent valuation (CV) method a consistent behavioral explanation of 'hypothetical bias' is still lacking. Based on evidence from economics, economic psychology and the political sciences, I propose an explanation that is based on two simple...

Persistent link: https://www.econbiz.de/10010315552

Validity of discrete-choice experiments: Evidence for health risk reduction

Telser, Harry; Zweifel, Peter - 2005

, its external validity in the health care domain has not been investigated until now. This paper examines the external … validity of DCE concerning the reduction of a health risk. Convergent validity is examined by comparing the value of a … statistical life with other preference elicitation techniques, such as revealed preference. Criterion validity is shown by …

Persistent link: https://www.econbiz.de/10010315568

University entrance selection and age at admission

Wikström, Christina; Wikström, Magnus - 2012

This paper focuses on the predictive validity of the upper secondary grade point average (GPA), when used as selection … university between the years 1993 to 1996. The predictive validity is studied by correlating the GPA from upper secondary school …

Persistent link: https://www.econbiz.de/10010321150

Testing Probability Calibrations: Application to Credit Scoring Models

Blöchlinger, Andreas; Leippold, Markus - Institut für Schweizerisches Bankwesen <Zürich> - 2006

The validation of probability calibration is an inherently difficult task. We develop a testing procedure for credit-scoring models. The models comprise two components to check whether the ex-ante probabilities support the ex-post frequencies. The first component tests the level of the...

Persistent link: https://www.econbiz.de/10005858376

Flight-to-Quality or Flight-to-Liquidity? Evidence from the Euro-Area Bond Market

Beber, Alessandro; Brandt, Michael W.; Kavajec, Kenneth A. - Institut für Schweizerisches Bankwesen <Zürich> - 2006

Do bond investors demand credit quality or liquidity? The answer is both, but at different times and for different reasons. Using data on the Euro-area government bond market, which features a unique negative correlation between credit quality and liquidity across countries, we show that the...

Persistent link: https://www.econbiz.de/10005858392

Economic Benefit of Powerful Credit Scoring

Blöchlinger, Andreas; Leippold, Markus - Institut für Schweizerisches Bankwesen <Zürich> - 2005

In this paper, we study the economic benets from using credit scoring models. We contribute to the literature by relating the discriminatory power of a credit scoring model to the optimal credit decision. Given the Receiver Operating Characteristic (ROC) curve of the credit scoring model, we...

Persistent link: https://www.econbiz.de/10005858876

Comparison of methods in the analysis of dependent ordered catagorical data

Högberg, Hans; Svensson, Elisabeth - 2008

. The two applications consist of a data set of inter-rater reliability and a data set from a follow-up evaluation of …

Persistent link: https://www.econbiz.de/10012654337