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Smooth aggregation of Bayesian experts
Stanca, Lorenzo - In: Journal of economic theory 196 (2021), pp. 1-25
Persistent link: https://www.econbiz.de/10012813435
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Why not fully spend a conditional block grant?
Faber, Riemer P.; Koning, Pierre - 2012
This paper studies a conditional block grant that Dutch municipalities receive for welfare-to-work programs. Many municipalities do not fully use this grant, although programs are beneficial for them. We argue that municipalities incur expenses to use the grant. If these costs are substantial,...
Persistent link: https://www.econbiz.de/10010287657
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Why Not Fully Spend a Conditional Block Grant?
Faber, Riemer; Koning, Pierre - Institute for the Study of Labor (IZA) - 2012
This paper studies a conditional block grant that Dutch municipalities receive for welfare-to-work programs. Many municipalities do not fully use this grant, although programs are beneficial for them. We argue that municipalities incur expenses to use the grant. If these costs are substantial,...
Persistent link: https://www.econbiz.de/10010558692
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The Quantile Performance Of Statistical Treatment Rules Using Hypothesis Tests To Allocate A Population To Two Treatments
Manski, Charles F.; Tetenov, Aleksey - Collegio Carlo Alberto, Università degli Studi di Torino - 2014
This paper modifies the Wald development of statistical decision theory to offer new perspective on the performance of certain statistical treatment rules. We study the quantile performance of test rules, ones that use the outcomes of hypothesis tests to allocate a population to two treatments....
Persistent link: https://www.econbiz.de/10010933266
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New Perspectives on Statistical Decisions Under Ambiguity
Stoye, Jörg - In: Annual Review of Economics 4 (2012) 1, pp. 257-282
. Minimax models of decisions making under ambiguity are identified as a thread running through several literatures. In … axiomatic decision theory, these models motivated a large literature on modeling ambiguity aversion. Some findings of this … partial identification and thereby ambiguity that does not vanish with sample size. This literature is illustrated by …
Persistent link: https://www.econbiz.de/10010604265
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Who should be Treated? Empirical Welfare Maximization Methods for Treatment Choice
Kitagawa, Toru; Tetenov, Aleksey - Collegio Carlo Alberto, Università degli Studi di Torino - 2015
One of the main objectives of empirical analysis of experiments and quasi-experiments is to inform policy decisions that determine the allocation of treatments to individuals with different observable covariates. We propose the Empirical Welfare Maximization (EWM) method, which estimates a...
Persistent link: https://www.econbiz.de/10011196513
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Ordering ambiguous acts
Jewitt, Ian; Mukerji, Sujoy - 2017
ambiguity averse relation. First, we define two notions of more ambiguous with respect to such a class. A more ambiguous (I) act … makes an ambiguity averse decision maker (DM) worse off but does not affect the welfare of an ambiguity neutral DM. A more … ambiguous (II) act adversely affects a more ambiguity averse DM more, as measured by the compensation they require to switch …
Persistent link: https://www.econbiz.de/10011927995
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Ordering ambiguous acts
Jewitt, Ian; Mukerji, Sujoy - 2017
ambiguity averse relation. First, we define two notions of more ambiguous with respect to such a class. A more ambiguous (I) act … makes an ambiguity averse decision maker (DM) worse off but does not affect the welfare of an ambiguity neutral DM. A more … ambiguous (II) act adversely affects a more ambiguity averse DM more, as measured by the compensation they require to switch …
Persistent link: https://www.econbiz.de/10011694759
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Comparing Ambiguous Inferences When Probabilities are Imprecise
Fountain, John; Gunby, Philip - Department of Economics and Finance, College of … - 2010
Suppose you are interested in the level of a state variable (e.g. a disease is present or absent or of a pre-specified level of severity, or a failure is recorded or not, etc.) and have a potentially useful but imperfect diagnostic test method, (e.g. a blood test result for this disease, or a...
Persistent link: https://www.econbiz.de/10010907427
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A parsimonious model of subjective life expectancy
Ludwig, Alexander; Zimper, Alexander - Economic Research Southern Africa (ERSA) - 2008
This paper develops a theoretical model for the formation of subjective beliefs on individual survival expectations. Data from the Health and Retirement Study (HRS) indicate that, on average, young respondents underestimate their true survival probability whereas old respondents overestimate...
Persistent link: https://www.econbiz.de/10008563309