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Tracking Economic Growth by Evolving Expectations via Genetic Programming : A Two-Step Approach
Claveria, Oscar - 2018
agents' expectations from tendency surveys. First, we design a genetic programming experiment to derive mathematical …
Persistent link: https://www.econbiz.de/10012909960
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Tracking Economic Growth by Evolving Expectations Via Genetic Programming : A Two-Step Approach
Claveria, Oscar - 2018
agents' expectations from tendency surveys. First, we design a genetic programming experiment to derive mathematical …
Persistent link: https://www.econbiz.de/10012928856
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Evolution, heritable risk and skewness loving
Heller, Yuval; Robson, Arthur John - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 2, pp. 403-424
Our understanding of risk preferences can be sharpened by considering their evolutionary basis. The existing literature has focused on two sources of risk: idiosyncratic risk and aggregate risk. We introduce a new source of risk, heritable risk, in which there is a positive correlation between...
Persistent link: https://www.econbiz.de/10012587359
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Risk attitudes, development, and growth : macroeconomic evidence from experiments in 30 countries
Vieider, Ferdinand M.; Chmura, Thorsten; Martinsson, Peter - 2012
We measure risk attitudes in 30 different countries in a controlled, incentivized experiment (N = 3025). At the … personal income within countries. We show that this paradox can be explained by unified growth theory. These results are …
Persistent link: https://www.econbiz.de/10009671257
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The role of information and risk sharing for R&D investment, technological change and economic welfare
Drees, Burkhard; Eckwert, Bernhard - In: Recent advances in neo-Schumpeterian economics : essays …, (pp. 101-118). 2009
Persistent link: https://www.econbiz.de/10003874297
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Individual preferences, human capital, and economic development
Vischer, Thomas - 2012
with the theory of expected utility. The present study reviews recent trends in the modeling of decision theories, with a … particular focus on the distinctive features of prospect theory. The novel contribution of this study is an empirical analysis of … study of the dissertation investigates the effect of income on democracy, based on the premise that the theory of critical …
Persistent link: https://www.econbiz.de/10009686885
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Economic Growth and Risk Taking : Is it Rational to Suffer from Increasing Disaster Losses?
Hallegatte, S. - 2013
This article draws from a study that investigates the link between development, economic growth and the economic losses from natural hazards. Increasing investments in disaster risk reduction have led to a significant reduction in human casualties, but economic losses from natural disasters have...
Persistent link: https://www.econbiz.de/10013076598
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The limits to certainty : facing risks in the new service economy
Giarini, Orio; Stahel, Walter R. - 1989
Persistent link: https://www.econbiz.de/10013410062
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Nowcasting and Forecasting GDP Growth with Machine-Learning Sentiment Indicators
Claveria, Oscar; Monte, Enric; Torra, Salvador - 2021
We apply the two-step machine-learning method proposed by Claveria et al. (2021) to generate country-specific sentiment indicators that provide estimates of year-on-year GDP growth rates. In the first step, by means of genetic programming, business and consumer expectations are evolved to derive...
Persistent link: https://www.econbiz.de/10013238396
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Brain gain : claims about its size and impact on welfare and growth are greatly exaggerated
Schiff, Maurice W. (contributor) - 2005
Based on static partial equilibrium analysis, the "new brain drain" literature argues that, by raising the return to education, a brain drain generates a brain gain that is, under certain conditions, larger than the brain drain itself, and that such a net brain gain results in an increase in...
Persistent link: https://www.econbiz.de/10002815345