AUTHORS: Xiaoxue Sherry Gao, Glenn W. Harrison and Brian Monroe
ABSTRACT: In the quest to better characterize the heterogeneity of risk preferences at the level of the individual agent there are two econometric methods that can be combined. One uses mixture models to allow for individuals to use some combination… more »
AUTHORS: Glenn W. Harrison
ABSTRACT: Causal inference in economics involves inference about unobserved, latent relationships between variables, even when based on evidence from controlled experiments. In economics, most of the interesting structure defining causal hypotheses also reference unobserved, latent variables, and thought experiments defining and using those variables. One type… more »
AUTHORS: Linda Andersson Järnberg, Daniela Andrén, Maria Börjesson, Lars Hultkrantz, E. Elisabet Rutström and Elin Vimefalla
ABSTRACT: This study analyzes how the willingness to pay (WTP) for a risk reduction for traffic accidents varies depending on the specific traffic safety measures and whether they are framed as public or private… more »
