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In this paper, I first prove an integral representation theorem: Every quasi-integral on a Stone lattice can be represented by a unique upper-continuous capacity. I then apply this representation theorem to study the topological structure of the space of all upper-continuous capacities on a...
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This paper proposes alternative methods for constructing estimators from accept-reject samples by incorporating the variables rejected by the algorithm.
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This paper synthesises a global approach to both Bayesian and likelihood treatments of the estimation of the parameters of a hidden Markov model for the cases of normal and Poisson underlying distribution.
Persistent link: https://www.econbiz.de/10005486798
This paper puts forth a concept of Adptivety Rational Equilibrium (A.R.E) where agents base decisions upon predictions of future values of endogenous variables whose actual values are determined by equilibrium equations.
Persistent link: https://www.econbiz.de/10005443472
The standard version of "q" theory, in which investment is positively related to marginal "q", breaks down in the presence of fixed costs of adjustment. With fixed costs, q is a non-monotonic function of investment. Therefore its inverse, which is the traditional investment function, does not...
Persistent link: https://www.econbiz.de/10005450481
Methods for scoring ordered classifications in ordered statistical analysis are reviewed. These contrast with model based approaches through generalised linear models. The practical empirical advantages of scoring functions are developed.
Persistent link: https://www.econbiz.de/10005738236
We prove that the recently proposed informational herding models are but special cases of a standard single person experimentation model with myopia. We then re-interpret the incorrect herding outcome as a familiar failure of complete learning in an optimal experimentation problem.
Persistent link: https://www.econbiz.de/10005748998