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from the neoclassical expected utility theory, coming not to be fully rational behavior. Second, it is shown that in … behavior-based economic theory, it seems that BRH can complete the trade-off and pecking order optimization-based models, that …
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By constructing a unique international database on generalized trust covering 142 countries worldwide for the 41 years from 1980 to 2020, this paper finds a pronounced intertemporal variation of generalized trust over time in a majority of countries across the globe. 3 When analyzing the time...
Persistent link: https://www.econbiz.de/10015271922
This paper proposes the use of Bayesian inference techniques to search for and obtain valid instruments in dynamic panel data models where endogenous variables may exist. The use of Principal Component Analysis (PCA) allows for obtaining a reduced number of instruments in comparison to the high...
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endogeneity and missing outcomes. We use instrumental variables, pre-treatment characteristics, and short-term (or intermediate …
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disposition and the potential endogeneity of thoughts and life satisfaction. The reduction in life satisfaction experienced by … satisfaction is made up of objective and subjective factors and methods exist to account for their potential endogeneity to enhance …
Persistent link: https://www.econbiz.de/10010462152