This paper investigates whether there is a link between numeracy skill and choice consistency using a population of roughly 250 patients enrolled on the waiting list for kidney transplantation in Italy. Patients participate in a discrete choice experiment (DCE) measuring time and risk...

A mathematical model for the hit phenomenon in entertainment within a society is presented as a stochastic process of interactions of human dynamics. The calculations for the Japanese motion picture market based on to the mathematical model agree very well with the actual residue distribution in...

Large Bayesian VARs with stochastic volatility are increasingly used in empirical macroeconomics. The key to make these highly parameterized VARs useful is the use of shrinkage priors. We develop a family of priors that captures the best features of two prominent classes of shrinkage priors:...