Showing 1 - 10 of 12,566
just obeying and, hence, to be irrational. In this paper we offer a different approach which postulates rationality of all …
Persistent link: https://www.econbiz.de/10011753167
This paper provides a theoretical analysis regarding the rationality of suicide attacks from an economist’s point of … psychological concepts of cognitive dissonance and terror management theory into our economic analysis, we demonstrate why … – although predicted by standard economic theory – defection is a phenomenon rarely observed. We finally present some policy …
Persistent link: https://www.econbiz.de/10011753170
Persistent link: https://www.econbiz.de/10010313841
Using data from the Vienna Stock Exchange we investigate three different types of consumption based capital asset pricing models: the well known two state model of Mehra and Prescott, the model of Rietz, which includes also a crash state, and an own four state model. The aim of this Vienna Stock...
Persistent link: https://www.econbiz.de/10010291074
Rationality of early release data is typically tested using linear regressions. Thus, failure to reject the null does … against data rationality for output and prices, but not for money. …
Persistent link: https://www.econbiz.de/10010282830
from investigations based on economic theory. The study sets out to fill the gap with an estimate based on the now …
Persistent link: https://www.econbiz.de/10010494363
"spatial value number" reveals the incompatibility of rationality and aesthetics: the individual urban experience cannot be …
Persistent link: https://www.econbiz.de/10013479445
This paper considers nonparametric identification and estimation of the regression function when a covariate is mismeasured. The measurement error need not be classical. Employing the small measurement error approximation, we establish nonparametric identification under weak and...
Persistent link: https://www.econbiz.de/10014581847
small depending on the shape of the copula of child and parent incomes. Second, we derive a general asymptotic theory for … asymptotic theory to other regressions involving ranks that have been used in empirical work. Finally, we apply our new inference …
Persistent link: https://www.econbiz.de/10014480485
Many studies in economics use instruments or treatments which combine a set of exogenous shocks with other predetermined variables by a known formula. Examples include shift-share instruments and measures of social or spatial spillovers. We review recent econometric tools for this setting, which...
Persistent link: https://www.econbiz.de/10014480549