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continents. Finally, the results of lab and field experiments differ systematically, and it also matters whether the experiment …A key parameter estimated by lab and field experiments in economics is the individual discount rate - and the results … pools, and potential publication bias. To address the model uncertainty inherent to such an exercise, we employ Bayesian …
Persistent link: https://www.econbiz.de/10012126703
To study the effect of congestion on the fundamental trade-off between diagnostic accuracy and speed, we empirically test the predictions of a formal sequential testing model in a setting where the gathering of additional information can improve diagnostic accuracy, but may also take time and...
Persistent link: https://www.econbiz.de/10013169297
) in a transportation setting. Choice experiments may help to determine how the respondents' choice of a product or service … studies on the optimal design of choice experiments involving mixtures. We propose a method for generating an optimal design … for such choice experiments. To this end, we first introduce mixture models in the choice context and next present an …
Persistent link: https://www.econbiz.de/10010350005
The traditional time series methodology requires at least a preliminary transformation of the data to get stationarity. On the other hand, robust Bayesian dynamic models (RBDMs) do not assume a regular pattern or stability of the underlying system but can include points of statement breaks. In...
Persistent link: https://www.econbiz.de/10011885537
effect of time horizon presented within the discounting task. Our results support the external validity of experiments … conducted on student samples and the utilisation of hypothetical rewards in experiments. …
Persistent link: https://www.econbiz.de/10011949719
) in a transportation setting. Choice experiments may help to determine how the respondents' choice of a product or service … studies on the optimal design of choice experiments involving mixtures. We propose a method for generating an optimal design … for such choice experiments. To this end, we first introduce mixture models in the choice context and next present an …
Persistent link: https://www.econbiz.de/10014145821
? Ignoring these observations entails two biases: An errors in variables bias and a selection bias. We argue that inconsistent …
Persistent link: https://www.econbiz.de/10011516657
Persistent link: https://www.econbiz.de/10012140057
This paper examines the impact of a commonly experienced adverse cognitive state on decision making under uncertainty. Specifically, we administer an at-home sleep restriction protocol combined with random assignment to the time-of-day for decision making. Thus, we induce sleepiness in our...
Persistent link: https://www.econbiz.de/10011731913
Persistent link: https://www.econbiz.de/10012175470