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Food versus Fuel: An Updated and Expanded Evidence

Filip, Ondrej; Janda, Karel; Kristoufek, Ladislav; … - 2017

cointegration relationship between biofuels and related commodities for a considerably enlarged dataset (3 vs. 1 market, 26 vs. 8 …

Persistent link: https://www.econbiz.de/10011787315

Does the endowment of contributors make a difference in threshold public games?

Alberti, Federica; Cartwright, Edward - 2010

threshold public goods. We find a U shaped relationship in which the success rate is relatively high when the endowment is …. This suggests that people find it hardest to coordinate and provide threshold public goods when endowments are of …

Persistent link: https://www.econbiz.de/10010277825

Manipulation of choice behavior

Manzini, Paola; Mariotti, Marco; Tyson, Christopher J. - 2011

We introduce and study the problem of manipulation of choice behavior. In a class of two-stage models of decision making, with the agent's choices determined by three psychological variables, we imagine that a subset of these variables can be selected by a manipulator. To what extent does this...

Persistent link: https://www.econbiz.de/10010278596

Cognitive constraints, contraction consistency, and the satisficing criterion

Tyson, Christopher J. - 2007

A theory of decision making is proposed that offers an axiomatic basis for the notion of satisficing postulated by Herbert Simon. The theory relaxes the standard assumption that the decision maker always fully perceives his preferences among the available alternatives, requiring instead that his...

Persistent link: https://www.econbiz.de/10010284092

Does the macroeconomy predict UK asset returns in an nonlinear fashion? Comprehensive out-of-sample evidence

Guidolin, Massimo; Hyde, Stuart; McMillan, David; Ono, … - 2010

non-linear models for UK stock and bond returns. We estimate Markov switching, threshold autoregressive (TAR), and smooth …

Persistent link: https://www.econbiz.de/10010285857

Bayesian Nash Equilibria with a Provision Point: An Experimental Test

Johnson, Lowell - 1997

if the sum of contributions meets or exceeds a threshold. I analyze several Bayesian Nash equilibria in this game and … examine their efficiency implications. In an experimental test of a public-goods problem with a threshold and rebate, the …

Persistent link: https://www.econbiz.de/10010334331

The Impact of Jumps and Leverage in Forecasting Co-Volatility

Asai, Manabu; McAleer, Michael - 2015

The paper investigates the impact of jumps in forecasting co-volatility, accommodating leverage effects. We modify the jump-robust two time scale covariance estimator of Boudt and Zhang (2013)such that the estimated matrix is positive definite. Using this approach we can disentangle the...

Persistent link: https://www.econbiz.de/10010491398

Voting on thresholds for public goods: experimental evidence

Rauchdobler, Julian; Sausgruber, Rupert; Tyran, Jean-Robert - 2009

Introducing a threshold in the sense of a minimal project size transforms a public goods game with an inefficient … thresholds are ineffective at best and often counter-productive. This holds under a range of threshold levels and refund rates …. We test if thresholds perform better if they are endogenously chosen, i.e. if a threshold is approved in a referendum …

Persistent link: https://www.econbiz.de/10010265971

Maximally selected chi-square statistics and umbrella orderings

Boulesteix, Anne-Laure; Strobl, Carolin - 2006

Binary outcomes that depend on an ordinal predictor in a nonmonotonic way are common in medical data analysis. Such patterns can be addressed in terms of cutpoints: for example, one looks for two cutpoints that define an interval in the range of the ordinal predictor for which the probability of...

Persistent link: https://www.econbiz.de/10010266135

How much trade does the transfer paradox require?

Turner, Sergio - 2006

reinterpret Samuelson’s result as identifying the threshold, i.e. the minimum level of trade beyond which the transfer paradox …

Persistent link: https://www.econbiz.de/10010318967