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We formalize an econometric model for two-sided matching mechanisms in a school choice context, where exogenous … variation is generated by using lotteries as a tie-breaking mechanism. Our model accommodates a wide range of matching …
Persistent link: https://www.econbiz.de/10012845189
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We present a model of inductive inference that includes, as special cases, Bayesian reasoning, case-based reasoning, and rule-based reasoning. This unified framework allows us to examine, positively or normatively, how the various modes of inductive inference can be combined and how their...
Persistent link: https://www.econbiz.de/10013122230
information. In this paper, we examine a stylized prediction market comprised of Bayesian agents whose inferences are based on … possibility of trade generally preclude the possibility of perfect information aggregation …
Persistent link: https://www.econbiz.de/10012894688
information. In this paper, we examine a stylized prediction market comprised of Bayesian agents whose inferences are based on … possibility of trade generally preclude the possibility of perfect information aggregation …
Persistent link: https://www.econbiz.de/10012894762
This paper examines circumstances under which subjectivity enhances the effectiveness of inductive reasoning. We consider agents facing a data generating process who are characterized by inference rules that may be purely objective (or data-based) or may incorporate subjective considerations....
Persistent link: https://www.econbiz.de/10011690761
This paper examines circumstances under which subjectivity enhances the effectiveness of inductive reasoning. We consider a game in which Fate chooses a data generating process and agents are characterized by inference rules that may be purely objective (or data-based) or may incorporate...
Persistent link: https://www.econbiz.de/10014204472
Persistent link: https://www.econbiz.de/10012204812
This paper studies inference for the average treatment effect in randomized controlled trials where treatment status is determined according to a “matched pairs” design. By a “matched pairs” design, we mean that units are sampled i.i.d. from the population of interest, paired according...
Persistent link: https://www.econbiz.de/10012871508