Calendrier du 30 mai 2022
Roy Seminar (ADRES)
Du 30/05/2022 de 17:00 à 18:15
Salle R1.09 - Campus Jourdan 75014 Paris
YANG Li (University of Michigan and BREAD)
A Theory of Ex Post Rationalization
écrit avec Mohammad Akbarpour, Scott Kominers, Paul Milgrom
Human beings attempt to rationalize their past choices, even those that were mistakes in hindsight. We propose a formal theory of this behavior. The theory predicts that agents commit the sunk-cost fallacy. Its model primitives are identified by choice behavior and it yields tractable comparative statics.
Econometrics Seminar
Du 30/05/2022 de 16:00 à 17:15
STOULI Sami (Bristol)
Gaussian transforms modeling and the estimation of distributional regression functions
écrit avec Co-author: Richard Spady
We propose flexible Gaussian representations for conditional cumulative distribution functions and give a concave likelihood criterion for their estimation. Optimal representations satisfy the monotonicity property of conditional cumulative distribution functions, including in finite samples and under general misspecification. We use these representations to provide a unified framework for the flexible Maximum Likelihood estimation of conditional density, cumulative distribution, and quantile functions at parametric rate. Our formulation yields substantial simplifications and finite sample improvements over related methods. An empirical application to the gender wage gap in the United States illustrates our framework.
Régulation et Environnement
Du 30/05/2022 de 12:00 à 13:15
Salle R2.01, Campus Jourdan 75014 Paris
LOPEZ Angel Luis (Institute for Economic Analysis (CSIC))
Common Ownership and Technology Adoption