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Forecast combination under heavy-tailed errors

Cheng, Gang; Wang, Sicong; Yang, Yuhong - In: Econometrics : open access journal 3 (2015) 4, pp. 797-824

Forecast combination has been proven to be a very important technique to obtain accurate predictions for various applications in economics, finance, marketing and many other areas. In many applications, forecast errors exhibit heavy-tailed behaviors for various reasons. Unfortunately, to our...

Persistent link: https://www.econbiz.de/10011411497

Bequests, control rights, and cost-benefit analysis

Glazer, Amihai; Kanniainen, Vesa; Niskanen, Esko - 2001

Consider a public project which produces a consumption good and which benefits future generations. Let a conventional cost-benefit analysis find that it gives higher benefits than projects it would dis-place in the private sector. Voters may nevertheless oppose the public project: the...

Persistent link: https://www.econbiz.de/10011400766

Toward a Political Economy of Cost-Benefit Analysis

Cole, Daniel H. - 2012

This is a substantially revised, refocused, and updated version of an earlier draft paper, exploring the significant role Cost-Benefit Analysis (CBA) plays in facilitating or impeding legislative and regulatory policy decisions. The paper centers around three case studies of CBAs EPA prepared...

Persistent link: https://www.econbiz.de/10013113617

Motives of pro-social behavior in individual versus collective decisions : a comparative experimental study

Bischoff, Ivo; Krauskopf, Thomas - 2013 - This version: March 18, 2013

We investigate the motives of pro-social behavior in collective decisions in an economic experiment. It compares … endowment and have to decide how much of it to donate to charity. The experiment is combined with two long questionnaires that … the control variables are found significant. Comparing subjects' affective state before and after the experiment, we find …

Persistent link: https://www.econbiz.de/10009722766

Ordered leniency : an experimental study of law enforcement with self-reporting

Landeo, Claudia; Spier, Kathryn E. - 2018

This paper reports the results of an experiment designed to assess the ability of an enforcement agency to detect and …

Persistent link: https://www.econbiz.de/10011927250

In Support of Trigger Strategies : Experimental Evidence from Two-Person Non-Cooperative Games

Mason, Charles F.; Phillips, Owen R. - 2001

Cooperative equilibria can be supported in a repeated game when players use trigger strategies. This paper tests how well trigger strategies explain behavior in two-person experimental games. Reducing payoffs for choices larger than the Cournot level induces smaller average outputs, consistent...

Persistent link: https://www.econbiz.de/10014133393

Following social norms, signaling, and cooperation in the public goods game

Cui, Chi; Dai, Ming; Schwieren, Christiane - 2024

In this paper, we experimentally investigate how sending a signal of following social norms impacts people's cooperative behavior in a repeated public goods game, where we disentangle the effect of strategy and internalization of social norms on cooperation. We find that under the signaling...

Persistent link: https://www.econbiz.de/10014519368

Directed generosity and network formation: Network dimension matters

D'Exelle, Ben; Riedl, Arno - 2010

We explore network effects on generosity for different network dimensions. To this end we elicit multiple network dimensions (friendship, social support, economic exchange, etc.) in a rural village in the Southern hemisphere and measure generosity with a sequence of dictator games conducted in...

Persistent link: https://www.econbiz.de/10010275012

Bequests, Control Rights, and Cost-Benefit Analysis

Glazer, Amihai; Kanniainen, Vesa; Niskanen, Esko - 2021

Consider a public project which produces a consumption good and which benefits future generations. Let a conventional cost-benefit analysis find that it gives higher benefits than projects it would displace in the private sector. Voters may nevertheless oppose the public project: the combination...

Persistent link: https://www.econbiz.de/10013320770

Financial Econometrics - R Tutorial Guidance

Wang, Yizhi; Vigne, Samuel - 2021

Persistent link: https://www.econbiz.de/10013223934

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