-
作者：Hu, Yingyao; Schennach, Susanne M.
作者单位：Johns Hopkins University; University of Chicago
摘要：While the literature on nonclassical measurement error traditionally relies on the availability of an auxiliary data set containing correctly measured observations, we establish that the availability of instruments enables the identification of a large class of nonclassical nonlinear errors-in-variables models with continuously distributed variables. Our main identifying assumption is that, conditional on the value of the true regressors, some measure of location of the distribution of the mea...
-
作者：Cox, James C.; Friedman, Daniel; Sadiraj, Vjollca
作者单位：University System of Georgia; Georgia State University; University System of Georgia; Georgia State University; University of California System; University of California Santa Cruz
摘要：This paper develops a nonparametric theory of preferences over one's own and others' monetary payoffs. We introduce more altruistic than (MAT), a partial ordering over such preferences, and interpret it with known parametric models. We also introduce and illustrate more generous than (MGT), a partial ordering over opportunity sets. Several recent studies focus on two-player extensive form games of complete information in which the first mover (FM) chooses a more or less generous opportunity se...
-
作者：Sun, Yixiao; Phillips, Peter C. B.; Jin, Sainan
作者单位：University of California System; University of California San Diego; Yale University; University of Auckland; University of York - UK; Peking University
摘要：This paper considers studentized tests in time series regressions with nonparametrically autocorrelated errors. The studentization is based on robust standard errors with truncation lag M=bT for some constant b is an element of(0, 1] and sample size T. It is shown that the nonstandard fixed-b limit distributions of such nonparametrically studentized tests provide more accurate approximations to the finite sample distributions than the standard small-b limit distribution. We further show that, ...
-
作者：Palacios-Huerta, Ignacio; Volij, Oscar
作者单位：Brown University; University of London; London School Economics & Political Science; Ben-Gurion University of the Negev; Iowa State University
摘要：We study how professional players and college students play zero-sum two-person strategic games in a laboratory setting. We first ask professionals to play a 2 x 2 game that is formally identical to a strategic interaction situation that they face in their natural environment. Consistent with their behavior in the field, they play very close to the equilibrium of the game. In particular, (i) they equate their strategies' payoffs to the equilibrium ones and (ii) they generate sequences of choic...
