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Random Forests in combination with Stability Selection allow to estimate stable conditional independence graphs with an error control mechanism for false positive selection. This approach is applicable to graphs containing both continuous and discrete variables at the same time. Its performance...
Persistent link: https://www.econbiz.de/10011056520
We consider estimation of the causal effect of a sequential binary treatment (typically corresponding to a policy or a subsidy in the economic context) on a final outcome, when the treatment assignment at a given occasion depends on the sequence of previous assignments as well as on time-varying...
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with anticipated regret, the Allais paradox and preferences for smaller menus, which are all difficult to reconcile with …
Persistent link: https://www.econbiz.de/10009439041
Treasuries. This issue is discussed in a discrete-time framework with IB being considered to be regret- and risk-averse before … and during the SMC, respectively. We conclude that if IB takes regret into account it will be exposed to higher risk when … risk exposure when this difference is high. Furthermore, we assess how regret can influence IB's view - as a swap …
Persistent link: https://www.econbiz.de/10009480657
We examine insurance markets with two types of customers: those who regret suboptimal decisions and those who don.t. In …
Persistent link: https://www.econbiz.de/10010986404
This paper investigates the effect of anticipated/experienced regret and pride on individual investors' decisions to … the loss domain, low anticipated regret predicts a greater probability of selling a losing investment. While in the gain … experienced regret/pride on the selling probability are found as well. An unexpected finding is that regret (pride) seems to be …
Persistent link: https://www.econbiz.de/10010986459
This paper presents a study of the effect of regret on route choice behavior when both descriptional information and … experiential feedback on choice outcomes are provided. The relevance of Regret Theory in travel behavior has been well demonstrated … regret and reinforced learning through experiential feedbacks is less understood. Using data obtained from a simple route …
Persistent link: https://www.econbiz.de/10010989543
seek to minimize ex post regret when making their decisions, herd behavior may be dampened. …
Persistent link: https://www.econbiz.de/10010990401