Narrow search
Showing 1 - 10 of 13,096
Cover Image
Alternative Approaches to Discrete Working Time Choice in an AGE Framework
Arntz, Melanie; Boeters, Stefan; Gürtzgen, Nicole - 2005
We compare two options of integrating discrete working time choice of heterogenous households into a general equilibrium model. The first, known from the literature, produces household heterogeneity through a working time preference parameter. We contrast this with a model that directly...
Persistent link: https://www.econbiz.de/10010297474
Cover Image
A salience theory of choice errors
Manzini, Paola; Mariotti, Marco - 2010
We study a psychologically based foundation for choice errors. The decision maker applies a preference ranking after forming a 'consideration set' prior to choosing an alternative. Membership of the consideration set is determined both by the alternative specific salience and by the rationality...
Persistent link: https://www.econbiz.de/10010269842
Cover Image
Stochastic choice and consideration sets
Manzini, Paola; Mariotti, Marco - 2012
We model a boundedly rational agent who suffers from limited attention. The agent considers each feasible alternative with a given (unobservable) probability, the attention parameter, and then chooses the alternative that maximises a preference relation within the set of considered alternatives....
Persistent link: https://www.econbiz.de/10010289884
Cover Image
Consistent estimation of the fixed effects ordered logit model
Baetschmann, Gregori; Staub, Kevin E.; Winkelmann, Rainer - 2011
The paper re-examines existing estimators for the panel data fixed effects ordered logit model, proposes a new one, and …
Persistent link: https://www.econbiz.de/10010276790
Cover Image
Moment conditions for dynamic panel logit models with fixed effects
Honoré, Bo E.; Weidner, Martin - 2020
panel data logit models with fixed effects. After introducing the moment conditions obtained in this way, we explore their … common model parameters are estimable at root-n rate for many more dynamic panel logit models than has been appreciated by …
Persistent link: https://www.econbiz.de/10012621115
Cover Image
Moment conditions for dynamic panel logit models with fixed effects
Honoré, Bo E.; Weidner, Martin - 2022
This paper investigates the construction of moment conditions in discrete choice panel data with individual specific …
Persistent link: https://www.econbiz.de/10014302514
Cover Image
Identification and estimation of thresholds in the fixed effects ordered logit model
Baetschmann, Gregori - 2011
The paper proposes a new estimator for the fixed effects ordered logit model. In contrast to existing methods, the new procedure allows estimating the thresholds. The empirical relevance and simplicity of implementation is illustrated in an application to the effect of unemployment on life...
Persistent link: https://www.econbiz.de/10010316876
Cover Image
Panel intensity models with latent factors: An application to the trading dynamics on the foreign exchange market
Nolte, Ingmar; Voev, Valeri - 2007
We develop a panel intensity model, with a time varying latent factor, which captures the influence of unobserved time … & Hautsch (2006) to panel duration data. We show how to estimate the model parameters by a simulated maximum likelihood … behavioral biases and discuss implications for portfolio theory. …
Persistent link: https://www.econbiz.de/10010266949
Cover Image
Para Krizleri Öngörüsünde Logit Model ve Sinyal Yaklaşımının Değeri: Türkiye Tecrübesi
Kaya, Vedat; Yilmaz, Omer - 2007
Logit model and the signal approach are two analysis methods being commonly used to forecast and explain currency crises. Logit model is successful to determine explaining variables of crisis and to calculate the probability of crisis in particular during the period experienced with a crisis. On...
Persistent link: https://www.econbiz.de/10010320570
Cover Image
Strategie equivalence and bounded rationality in extensive form games
Voorneveld, Mark; Lundström, Helena Fagraeus - 2005
In a large family of solution concepts for boundedly rational players - allowing players to be imperfect optimizers, but requiring that better responses are chosen with probabilities at least as high as those of worse responses - most of Thompson's inessential transformations for the strategic...
Persistent link: https://www.econbiz.de/10010281206