Showing 1 - 10 of 2,487
This paper illustrates the effects of item-nonresponse in surveys on the results of multivariate statistical analysis when estimation of productivity is the task. To multiply impute the missing data a data augmentation algorithm based on a normal/Wishart model is applied. Data of the German IAB...
Persistent link: https://www.econbiz.de/10010266762
The convex time budget (CTB) method is a widely used experimental method for eliciting an individual's time preference. Researchers adopting the CTB experiment usually assume quasi-hyperbolic discounting utility as a behavioural model and estimate the parameters of the utility function. However,...
Persistent link: https://www.econbiz.de/10013472340
When valuing risky prospects, people tend to overweight small probabilities and to underweight large probabilities. Nonlinear probability weighting has proven to be a robust empirical phenomenon and has been integrated in decision models, such as cumulative prospect theory. Based on a laboratory...
Persistent link: https://www.econbiz.de/10010315519
Persistent link: https://www.econbiz.de/10010316383
The 'Arbeitskreis Volkswirtschaftliche Gesamtrechnung der Länder' now publishes figures concerning the value added in Germany. Formerly the Statistische Bundesamt had this assignment. Some corporations have plant locations in the new Länder as well as in the old Länder. The employed method...
Persistent link: https://www.econbiz.de/10010316394
Finanzmarktdaten wie Zinsen, Aktien- oder Wechselkurse und andere spekulative Preise setzen sich durch verschiedene Besonderheiten von sonstigen ökonomischen Zeitreihendaten ab. Dieser Artikel untersucht die Konsequenzen dieser Besonderheiten für die rationale Bewertung von Finanzinstrumenten...
Persistent link: https://www.econbiz.de/10010316603
A continuous and a discrete rating scale were implemented for a single item happiness question in a representative survey. A randomized controlled experiment enables unique analyses on data quality and distributions, which suggest superiority of the continuous scale. Results raise doubts about...
Persistent link: https://www.econbiz.de/10010316886
This paper considers the problem of testing a finite number of moment inequalities. We propose a two-step approach. In the first step, a confidence region for the moments is constructed. In the second step, this set is used to provide information about which moments are negative. A...
Persistent link: https://www.econbiz.de/10010316942
The issue considered in this study is whether objective, official reports on disability status are reliable. While there is a rather large literature on the reliability of self-reported disability, evidence regarding objective data is scant. It seems to be a widely held view among researchers...
Persistent link: https://www.econbiz.de/10010317913
An important objective of empirical research on treatment response is to provide decision makers with information useful in choosing treatments. Manski (2000, 2002, 2003) showed how identification problems generate ambiguity about the identity of optimal treatment choices. This paper studies...
Persistent link: https://www.econbiz.de/10010318481