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ASYMMETRY IN RAW MILK SAFETY PERCEPTIONS AND INFORMATION: IMPLICATIONS FOR RISK IN FRESH PRODUCE MARKETING AND POLICY

Knutson, Ronald D.; Currier, Russell W.; Ribera, Luis; … - 2010

Scientific evidence clearly indicates that consumption of raw milk carries substantialdisease-inducing health risks. While federal U.S. policy mandates that milk moving in interstatecommerce be pasteurized; within 41 of 50 states, raw milk can be obtained for consumption.Warning labels...

Persistent link: https://www.econbiz.de/10009442762

Learning to play best response in duopoly games

Wenzelburger, Jan - 2003

We consider a quantity-setting duopoly market where firms lack perfect knowledge of the market demand function. They use estimated and therefore misspecified demand functions instead and determine their optimal strategies from the corresponding subjective payoff functions. The central issue of...

Persistent link: https://www.econbiz.de/10009452463

An Experimental Study of Executive Decision-making with Implications for Decision Support

Ow, Terence T; Morris, James G - 2010

Past research in the field of information systems has explored factors and conditions that are relevant to decision-making in many contexts. However, very little is known about how executives consider, weigh, and integrate these factors. One current school of thought holds that intuition and...

Persistent link: https://www.econbiz.de/10009484511

Price adjustments in a general model of state-dependent pricing

Costain, James S.; Nakov, Anton - 2008

In this paper, we show that a simple model of smoothly state-dependent pricing generates a distribution of price adjustments similar to that observed in microeconomic data, both for low and high inflation. Our setup is based on one fundamental assumption: price adjustment is more likely when it...

Persistent link: https://www.econbiz.de/10012530218

Sind landwirtschaftliche Unternehmer bei Zinssätzen zahlenblind? – Erste empirische Ergebnisse –

Musshoff, Oliver; Hirschauer, Norbert; Wassmuss, Harm - 2009

Landwirte wechseln oft nicht von ihrer Hausbank zu einer anderen Bank, auch wenn diese bessere Konditionen bietet. Diese „Wechselträgheit“ kann zum einen in den Transaktionskosten des Wechsels begründet sein. Zum anderen kann sie aber auch das Ergebnis begrenzt rationalen...

Persistent link: https://www.econbiz.de/10009446408

Causal Inference with Two-Stage Logistic Regression - Accuracy, Precision, and Application

Cai, Bing - 2010

2SPS and 2SRI for logistic binary outcomes have not been thoroughly studied. We study the bias and variance properties … trial. We first present closed form expressions of asymptotic bias for the causal odds ratio from both 2SPS and 2SRI … approaches. Our closed form bias results show that the 2SPS logistic regression generates asymptotically biased estimates of this …

Persistent link: https://www.econbiz.de/10009439053

Better Safe than Sorry: Precautionary Reasoning and Implied Dominance in Risky Decisions

DeKay, Michael L.; Patiño-Echeverri, Dalia; Fischbeck, … - 2005

alternatives can seriously bias the evaluation of consequences in risky high-stakes decisions. …

Persistent link: https://www.econbiz.de/10009441242

Better Safe than Sorry: Precautionary Reasoning and Implied Dominance in Risky Decisions

DeKay, Michael L.; Patino-Echeverri, Dalia; Fischbeck, … - 2008

alternatives can seriously bias the evaluation of consequences in risky high-stakes decisions. …

Persistent link: https://www.econbiz.de/10009441300

The Impacts of Attribute Level Framing and Changing Cost Levels on Choice Experiments Value Estimates

Kragt, Marit Ellen; Bennett, Jeffrey W. - 2010

Choice Experiments (CE) are increasingly used to estimate the values of environmental goods andservices. CE questionnaires represent the environmental good under valuation by varying levels ofnon-market attributes. Inclusion of a cost attribute enables the estimation of monetary values...

Persistent link: https://www.econbiz.de/10009446025

Adaptive Inference for Multi-Stage Survey Data

Al-Zou'bi, L. M.; Clark, Robert Graham; Steel, D. G. - 2009

Two-stage sampling usually leads to higher variances for estimators of means and regression coefficients, because of intra-cluster homogeneity. One way of allowing for clustering in fitting a linear regression model is to use a linear mixed model with two levels. If the estimated intra-cluster...

Persistent link: https://www.econbiz.de/10009457371