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An informed advisor wishes to convey her valuable information to an uninformed decision maker with identical preferences. Thus she has a current incentive to truthfully reveal her information. But if the decision maker thinks that the advisor might be biased in favor of one decision and the...
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The zero lower bound causes bias in the estimation of linear models. A common solution seen throughout the literature … is to utilize nonlinear models instead. But if said bias were analytically tractable, one could also retain linear …
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The zero lower bound causes bias in the estimation of linear models. A common solution seen throughout the literature … is to utilize nonlinear models instead. But if said bias were analytically tractable, one could also retain linear …
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