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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...
Persistent link: https://www.econbiz.de/10011111592
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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
As economics modeling moves from super rational decision makers to considering boundedly rational agents, some economic problems deserve a second look. This paper studies the effects of learning on the efficiency of search. Once learning is taken into account, the structure of information flow...
Persistent link: https://www.econbiz.de/10005709737
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with probabilities that are proportional to measures of regret for not having used other strategies (these measures are … of play converge to the set of correlated equilibria of the game. To compute these regret measures, a player needs to …
Persistent link: https://www.econbiz.de/10005772398
We analyze a psychologically-based model of voter turnout. Potential voters experience regret if they fail to vote …, which is the motivation for participation in voting. Regret from abstention is inversely related to the margin of victory …. Voters on the winner's side experience less regret than those on the loser's side. We show that the unique equilibrium …
Persistent link: https://www.econbiz.de/10005790460