作者：Arias, Jonas E.; Rubio-Ramirez, Juan F.; Waggoner, Daniel F.
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Philadelphia; Emory University; Federal Reserve System - USA; Federal Reserve Bank - Atlanta
摘要：There has been a call for caution regarding the standard procedure for Bayesian inference in set-identified structural vector autoregressions on the grounds that the common practice of using a uniform prior over the set of orthogonal matrices induces a non-uniform prior for individual impulse responses or other quantities of interest. This paper challenges this call by formally showing that when the focus is on joint inference, the uniform prior over the set of orthogonal matrices is not only ...
作者：Chen, Yiting; Zhong, Songfa
作者单位：Lingnan University; National University of Singapore; Hong Kong University of Science & Technology
摘要：We conduct a series of experiments and document a robust behavioral pattern whereby people behave more morally in uncertain environments than degenerate deterministic ones. We show that this pattern is weakened when the moral implication of behavior is diminished or when uncertainty pertains to others rather than oneself. These findings are incompatible with standard models that respect dominance. We propose a mechanism based on the anxiety aspect of uncertain environments whereby people act m...
