Showing 1 - 10 of 13,549
The measurement of social norms plays a pivotal role in many social sciences. While economists predominantly conduct …, on the one hand, often fall short in the measurement of more complex elements, such as the conditionality or the level of …
Persistent link: https://www.econbiz.de/10010267089
We combine a survey and an experiment with real pay-out among Peking University students to measure and validate individual risk attitudes. The experiment involves choosing between a cash payment and playing a lottery. The survey questions ask for the reservation price of a hypothetical lottery...
Persistent link: https://www.econbiz.de/10010269679
We combine a survey and an experiment with real pay-out among Peking University students to measure and validate individual risk attitudes. The experiment involves choosing between a cash payment and playing a lottery. The survey questions ask for the reservation price of a hypothetical lottery...
Persistent link: https://www.econbiz.de/10010326011
In this paper I investigate response bias in survey data on annual driving mileage and evaluate the performance of a … designed to correct for reporting bias, to allow misreporting at the lower censoring point. Orbit fails to detect the nature of … the bias and distorts the income elasticity estimate even further. The message for practitioners using biased data is …
Persistent link: https://www.econbiz.de/10010263241
We use a subsample bootstrap method to get a consistent estimate of the asymptotically optimal choice of the samplefraction, in the sense of minimal mean squared error, which is needed for tail index estimation. Unlike previous methodsour procedure is fully self contained. In particular, the...
Persistent link: https://www.econbiz.de/10010324719
Persistent link: https://www.econbiz.de/10010316239
, but then a bias term with unknown sign has to be estimated. We provide an estimator for this sign and the full programme …. Simulation results are also presented.It is weIl known that extreme value parameter estimators which balance the asymptotic bias …
Persistent link: https://www.econbiz.de/10010325182
It is often said that prudence and temperance play key roles in aversion to negative skewness and kurtosis, respectively. This paper puts a new perspective on these relationships and presents a characterization of higher-order risk preferences in terms of statistical moments. An implication is,...
Persistent link: https://www.econbiz.de/10010293372
Comparing groups with respect to hypothetical constructs requires that the measurement models are equal across groups … multi-group confirmatory factor analysis to assess measurement invariance. The required steps in the analysis of the …
Persistent link: https://www.econbiz.de/10010263736
Measurement error is a common phenomenon in the empirical sciences. Longitudinal data can especially be affected by it …, as measurement error can influence measures of change, which is one of the primary reasons for collecting longitudinal … data in panel surveys. However, measurement error in longitudinal data is rarely analysed. In this series of papers, the …
Persistent link: https://www.econbiz.de/10014433953