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James K. Hammitt
n° 12-293, mars 2012
Expert judgment (or expert elicitation) is a formal process for eliciting judgments from subject-matter experts about the value of a decision-relevant quantity. Judgments in the form of subjective probability distributions are obtained from several experts, raising the question how best to combine...
Sébastien Pouget et Stéphane Villeneuve
n° 12-306, mars 2012, révision août 2016
This paper proposes a dynamic model of financial markets where some investors are prone to the confirmation bias. Following insights from the psychological literature, these agents are assumed to amplify signals that are consistent with their prior views. In a model with public information only,...
Christian Gollier
mars 2012
Philippe Besse, Eve Leconte et Marie Walschaerts
n° 12-486, mars 2012
The instability in the selection of models is a major concern with data sets containing a large number of covariates. This paper deals with variable selection methodology in the case of high-dimensional problems where the response variable can be right censored. We focuse on new stable variable...
n° 720, mars 2012, révision août 2016
Liran Einav, Dan Knoepfle, Jonathan Levin et Neel Sundaresany
Ernst R. Berndt et Pierre Dubois
n° 702, mars 2012
Cross-country variability in regulatory frameworks, industrial policy, physician/pharmacy autonomy, brand/generic distinctions, and in the practice of medicine contributes to ambiguous interpretations of pharmaceutical cost comparisons. Here we report cross-country comparisons that: (i) focus on 11...
Helmuth Cremer, Philippe De Donder, Dario Maldonado et Pierre Pestieau
vol. 114, n° 1, mars 2012, p. 101–123
Ujjayant Chakravorty, Bertrand Magné et Michel Moreaux
vol. 14, n° 2, mars 2012, p. 349–389