Similar Search Results

Inference from Streaks in Random Outcomes: Experimental Evidence on Beliefs in Regime Shifting and the Law of Small Numbers

Asparouhova, Elena; Hertzel, Michael; Lemmon, Michael - In: Management Science 55 (2009) 11, pp. 1766-1782

. Financial Econom. 49(3) 307-343) and for beliefs in the "law of small numbers" as modeled in Rabin (Rabin, M. 2002. Inference by …

Persistent link: https://www.econbiz.de/10009191615

Are Nearly â€œExogenous Instrumentsâ€ Reliable?

Berkowitz, Daniel; Mehmet Caner*; Fang, Ying - 2013

We show that when instruments are nearly exogenous, the two stage least squares t-statistic unpredictably over-rejects or under-rejects the null hypothesis that the endogenous regressor is insignificant and Anderson-Rubin test over-rejects the null. We prove that in the limit these tests are no...

Persistent link: https://www.econbiz.de/10010892075

Financial Crisis, Taylor Rule and the Fed

Kumar, Saten - Faculty of Business, Auckland University of Technology - 2014

We investigate how the Federal Reserve (Fed) hit the zero lower bound (ZLB) interest rate while operating under a Taylor-type policy rule. We estimate a reaction function and the results indicate that during the crisis Fed increased the weight on output without also increasing the weight on...

Persistent link: https://www.econbiz.de/10010902121

Throwing Good Money After Bad

Ryan, Matthew; Vaithianathan, Rhema; Rigotti, Luca - Faculty of Business, Auckland University of Technology - 2014

An investment bubble is a period of excessive, and predictably unprotable, investment(DeMarzo, Kaniel and Kremer, 2007, p.737). Such bubbles most often accompany the arrival of some new technology, such as the tech stock boom and bust of the late 1990s and early 2000s. We provide a rational...

Persistent link: https://www.econbiz.de/10010902126

A note on the estimation of intergenerational income correlations by the method of averaging

Abul Naga, Ramses H. - London School of Economics (LSE) - 2001

Averaging methods are routinely used in order to limit biases resulting from the mismeasurement of permanent incomes. The Solon/Zimmerman estimator regresses a single-year measurement of the child's resources on a T-period average of the parents' income while the Behrman/Taubman estimator...

Persistent link: https://www.econbiz.de/10010928772

Improved Quantile Inference Via Fixed-Smoothing Asymptotics And Edgeworth Expansion

Kaplan, David M. - Economics Department, University of Missouri - 2013

inference are given in parallel. …

Persistent link: https://www.econbiz.de/10010932942

Behavioral Economics and Psychology of Incentives

Kamenica, Emir - In: Annual Review of Economics 4 (2012) 1, pp. 427-452

incentives. I argue that inference, signaling, loss aversion, dynamic inconsistency, and choking are the primary factors that …

Persistent link: https://www.econbiz.de/10010822952

Inference and Speci?cation Testing in DSGE Models with Possible Weak Identification

Qu, Zhongjun - Department of Economics, Boston University - 2011

This paper considers inference and model diagnostics for log-linearized DSGE models allow- ing an unknown subset of … inference, we first characterize weak identi?cation from a frequency domain perspective and propose a score test for the … surfaces as (imperfectly) multicollinear regressors. Then, we prove that asymptotically valid inference can be carried out by …

Persistent link: https://www.econbiz.de/10010779529

Inference in stochastic frontier analysis with dependent error terms

El Mehdi, Rachida; Hafner, Christian M. - In: Mathematics and Computers in Simulation (MATCOM) 102 (2014) C, pp. 104-116

Maximum Likelihood (ML) methods, an open issue concerns the inference of the technical efficiencies. We propose a parametric …

Persistent link: https://www.econbiz.de/10010785223

Frequentist inference in weakly identified dynamic stochastic general equilibrium models

Guerron-Quintana, Pablo; Inoue, Atsushi; Kilian, Lutz - In: Quantitative Economics 4 (2013) 2, pp. 197-229

Persistent link: https://www.econbiz.de/10011599639