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AGM-consistency and perfect Bayesian equilibrium. Part II: From PBE to sequential equilibrium

Bonanno, Giacomo - 2014

In Bonanno (Int. J. Game Theory, 42:567-592, 2013) a general notion of perfect Bayesian equilibrium (PBE) was introduced for extensive-form games and shown to be intermediate between subgame-perfect equilibrium and sequential equilibrium. The essential ingredient of the proposed notion is the...

Persistent link: https://www.econbiz.de/10010507617

Preferences under ignorance

Gossner, Olivier; Kuzmics, Christoph - 2015

A decision maker (DM) makes choices from different sets of alternatives. The DM is initially fully ignorant of the payoff associated to each alternative, and learns these payoffs only after a large number of choices have been made. We show that, in the presence of an outside option once payoffs...

Persistent link: https://www.econbiz.de/10011348262

Estimating Structural Parameters in Regression Models with Adaptive Learning

Christopeit, Norbert; Massmann, Michael - 2015

This paper examines the ordinary least squares (OLS) estimator of the structural parameters in a class of stylised macroeconomic models in which agents are boundedly rational and use an adaptive learning rule to form expectations of the endogenous variable. The popularity of this type of model...

Persistent link: https://www.econbiz.de/10011403567

Estimation of the Food Poverty Line

Albert, Jose Ramon G.; Molano, Wilma - 2009

spatial price indices to adjust for differences in cost of living). The proposed methodology addresses issues on consistency …

Persistent link: https://www.econbiz.de/10011421129

Keeping pace with change in SMEs: creating and maintaining congruence and consistency in SMEs in transition economies.

Robinson, David A - 2008

orientation involves the creation and maintenance of congruence and consistency in workplace practices. Today's global leaders are … consistency, across ten key areas of leadership practices to meet the ongoing challenges associated with transporting …

Persistent link: https://www.econbiz.de/10009441634

Testing for Consistency in Tourists' Willingness to Pay for New Nature Reserves in the Gulf of Morbihan (France)

Voltaire, Louinord; Nassiri, Abdelhak; Bailly, Denis; … - 2011

In this paper, we develop an empirical test of consistency in contingent willingness topay (WTP) responses, which is …

Persistent link: https://www.econbiz.de/10009442761

Definitions of Biodiversity and Measures of Its Value

Simpson, R. David - 2002

objectives are demonstrated. An example shows that "consistency tests" applied to measures of valuation may not be useful when …

Persistent link: https://www.econbiz.de/10009446690

Asymptotic Theory of General Multivariate GARCH Models

Jiang, Weibin - 2011

application of theorems by Meyn and Tweedie [2009]. Under those conditions, the consistency and asymptotic normality of the QMLE …

Persistent link: https://www.econbiz.de/10009447285

Consistency in Destination Branding: The Impact of Events

Marzano, G.; Scott, N. R. - 2006

event not just in terms of the direct financial contribution that it generates but also in terms of its consistency with the … destination brand values. Consistency as an evaluation criteria concerns how (and if) the interrelationships among the elements of … incorporating consistency as an evaluation criterion of an event. In particular, the results of a content analysis performed using …

Persistent link: https://www.econbiz.de/10009448047

MISSPECIFIED MODELS WITH PARAMETERS OF INCREASING DIMENSION

Chen, Ru - 2005

We study a special class of misspecified generalized linear models, where the true model is a mixed effect model but the working model is a fixed effect model with parameters of dimension increasing with sample size. We provide a sufficient condition both in linear models and generalized linear...

Persistent link: https://www.econbiz.de/10009450821