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Epstein, Larry; Halevy, Yoram - Vancouver School of Economics - 2014

We study choice between bets on the colors of two balls, where one ball is drawn from each of two urns. Though you are told the same about each urn, you are told very little, so that you are not given any reason to be certain that the compositions are identical. We identify choices that reveal...

Persistent link: https://www.econbiz.de/10011106061

The EU-Directive on the Legal Protection of Databases and the Incentives to Update: An Economic Analysis

Koboldt, Christian - 1996

the database may create an incentive for excessive updating. This leads to conclusions about what should be considered a …

Persistent link: https://www.econbiz.de/10010296899

The price is right: Updating of inflation expectations in a randomized price information experiment

Armantier, Olivier; Nelson, Scott; Topa, Giorgio; van … - 2012

proportional to the precision of prior inflation expectations. We also find systematic differences in updating across demographic …

Persistent link: https://www.econbiz.de/10010333055

Symmetry of evidence without evidence of symmetry

Epstein, Larry G.; Seo, Kyoungwon - In: Theoretical Economics 5 (2010) 3, pp. 313-368

Finetti Theorem for this framework. A model of updating is also provided. …

Persistent link: https://www.econbiz.de/10011599431

How Do Expectations About the Macroeconomy Affect Personal Expectations and Behavior?

Roth, Christopher; Wohlfart, Johannes - 2018

Using a representative online panel from the US, we examine how individuals’ macroeconomic expectations causally affect their personal economic prospects and their behavior. To exogenously vary respondents’ expectations we provide them with different professional forecasts about the...

Persistent link: https://www.econbiz.de/10011887414

What drives updates of inflation expectations? A Bayesian VAR analysis for the G-7 countries

Belke, Ansgar; Beckmann, Joscha; Dubova, Irina - 2018

Inflation expectations play a crucial role for monetary policy transmission, having become even more important since the emergence of unconventional monetary policy. Based on survey data provided by Consensus Economics, we assess determinants of professional inflation expectations for the G7...

Persistent link: https://www.econbiz.de/10011892023

How do expectations about the macroeconomy affect personal expectations and behavior?

Roth, Christopher; Wohlfart, Johannes - 2018

Using a representative online panel from the US, we examine how individuals' macroeconomic expectations causally affect their personal economic prospects and their behavior. To exogenously vary respondents' expectations, we provide them with different professional forecasts about the likelihood...

Persistent link: https://www.econbiz.de/10011937530

Membership conditions for consistent families of monetary valuations

Roorda, Berend; Schumacher, Hans - In: Statistics & Decisions 30 (2013) 3, pp. 255-280

Summary We investigate time consistency of monetary valuations, also called monetary risk measures or monetary utility functions. Through a number of recent research contributions, it has become clear that time consistency imposes strong constraints on families of monetary valuations conditioned...

Persistent link: https://www.econbiz.de/10014622237

Decision Making under Ambiguity

Dominiak, Adam - 2010

uncertain events are partially known. Ambiguitysensitive behavior, as manifested in Ellsberg-type experiments, is today a widely … Ellsberg (1961) we test whether subjects behave consistently with either dynamic consistency or consequentialism. We find that … among ambiguity-averse subjects. This evidence can be seen as support for theories of updating ambiguity …

Persistent link: https://www.econbiz.de/10009476201

Symmetry of evidence without evidence of symmetry

Larry G. Epstein; Kyoungwon Seo - Department of Economics, Boston University; Department … - 2010

updating is also provided. …

Persistent link: https://www.econbiz.de/10009455294