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Intuitive Biases in Choice vs. Estimation: Implications for the Wisdom of Crowds

Simmons, Joseph P.; Nelson, Lief D.; Galak, Jeffrey; … - 2009

Although researchers have documented instances of crowd wisdom, it is important to know whether some kinds of judgments may lead the crowd astray, whether crowds’ judgments improve with feedback over time, and whether crowds’ judgments can be improved by changing the way judgments are...

Persistent link: https://www.econbiz.de/10009441275

Towards Inference and Learning in Dynamic Bayesian Networks using Generalized Evidence

Langmead, Christopher J. - 2008

This report introduces a novel approach to performing inference and learning in Dynamic Bayesian Networks (DBN). The … traditional approach to inference and learning in DBNs involves conditioning on one or more finite-length observation sequences … solving inference problems (i.e., computing P(X|Φ)) and learning problems (i.e., computing P(Θ|Φ)) using techniques from the …

Persistent link: https://www.econbiz.de/10009441211

Behavioral Economics and the Economics of Regulation

Earl, Peter E. - 2005

Behavioural economics draws upon fieldwork, experiments and research in disciplines such as psychology for building blocks to construct economic analysis that is more descriptively realistic and both augments and qualifies traditional economics as a tool for designing policy. Though behavioural...

Persistent link: https://www.econbiz.de/10009447867

Analyzing the Analyst. Heuristics and Biases, Group Decision-Making and Rational Herding in Forecasting Experiments

Proeger, Till Eduard - 2014

Persistent link: https://www.econbiz.de/10010434921

Economic Forecasting. Experimental Evidence on Individual Biases, Group Cooperation and Herd Behavior

Meub, Lukas - 2014

Persistent link: https://www.econbiz.de/10010434922

Estimating the latent demand for rail transit : a case study in Perth, Western Australia

Liu, Yulin; Ferreira, Luis - 2010

This paper presents a study on estimating the latent demand for rail transit in Australian context. Based on travel mode-choice modelling, a two-stage analysis approach is proposed, namely market population identification and mode share estimation. A case study is conducted on Midland-Fremantle...

Persistent link: https://www.econbiz.de/10009438228

Common Labels and Market Mechanisms

Boizot-Szantai, Christine; Lecocq, Sebastien; Marette, … - 2005

In this article, the impact of common labels is investigated with both theoretical and empirical approaches. Recent statistics regarding the egg market in France suggest that retailer brands largely adopt common labels. A simple theoretical framework enables us to determine the conditions under...

Persistent link: https://www.econbiz.de/10009443060

Tobacco Product Demand, Cigarette Taxes, and Market Substitution

Da Pra, Michelle; Arnade, Carlos A. - 2009

This paper presents a model of estimated demand for four tobacco products: cigarettes, cigars, chewing tobacco, and smoking tobacco products. Own elasticities and cross-price elasticities are used to obtain insights into the effectiveness and implications of new policy measures. Of particular...

Persistent link: https://www.econbiz.de/10009444692

Demand for piped and non-piped water supply services: Evidence from Southwest Sri Lanka

Nauges, Celine; Van Den Berg, Caroline - 2009

In many countries water supply is a service that is seriously underpriced, especially for residential consumers. This has led to a call for setting cost recovery policies to ensure that the tariffs charged for water supply cover the full cost of service provision. Identification of factors...

Persistent link: https://www.econbiz.de/10009448257

Decomposing the Congestion Effect and the Cross-Platform Effect inTwo-Sided Networks: A Field Experiment

Tucker, Catherine; Zhang, Juanjuan - MIT Sloan School of Management; MIT Sloan School of … - 2008

This paper highlights how the provision of information about userparticipation can serve as a strategic marketing tool for firms seekingto grow two-sided exchange networks. A two-sided exchange network is abusiness model (such as Ebay or Craiglist) where revenue is generatedfrom persuading...

Persistent link: https://www.econbiz.de/10009435138

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