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| 2. |
- Akay, Alpaslan, 1975, et al.
(författare)
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Second Order Approximation for the Average Marginal Effect of Heckman's Two Step Procedure
- 2006
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Rapport (övrigt vetenskapligt/konstnärligt)abstract
- In this paper we discuss the differences between the average marginal effect and the marginal effect of the average individual in sample selection models, estimated by Heckman's two step procedure. We show that the bias that emerges as a consequence of interchanging them, could be very signifcant, even in the limit. We suggest a computationally cheap approximation method, which corrects the bias in a large extent. We illustrate the implications of our method with an empirical application of earnings assimilation and a small Monte Carlo simulation.
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| 3. |
- Gossner, Oliver, et al.
(författare)
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Testing Rationality on Primitive Knowledge
- 2007
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Rapport (övrigt vetenskapligt/konstnärligt)abstract
- We study whether rational information processing is testable. Our main result shows that, under positive conditions, negative introspection holds if and only if it holds for primitive propositions. In particular, it is sufficient to test negative introspection on primitive propositions.
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| 4. |
- Tsakas, Elias, 1979
(författare)
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Aggregate information, common knowledge, and agreeing not to bet
- 2007
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Rapport (övrigt vetenskapligt/konstnärligt)abstract
- I consider a gamble where the sum of the distributed payoffs is proportionate to the number of participants. I show that no subset of the population can agree to participate in the bet, if the size of the group is commonly known. Repeated announcements of the number of the participants leads the population to agree not to bet.
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| 5. |
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| 6. |
- Tsakas, Elias, 1979, et al.
(författare)
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Efficient communication, common knowledge, and consensus
- 2007
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Rapport (övrigt vetenskapligt/konstnärligt)abstract
- We study a model of pairwise communication in a finite population of Bayesian agents. We show that, in contrast with claims to the contrary in the existing literature, communication under a fair protocol may not lead to common knowledge of signals. We prove that commonly known signals are achieved if the individuals convey, in addition to their own message, the information about every individual’s most recent signal they are aware of. If the signal is a posterior probability about some event, common knowledge implies consensus.
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| 7. |
- Tsakas, Elias, 1979
(författare)
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Essays on Epistemology and Evolutionary Game Theory
- 2008
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Doktorsavhandling (övrigt vetenskapligt/konstnärligt)abstract
- This thesis has two parts, one consisting of three independent papers in epistemology (Chapters 1-3) and another one consisting of a single paper in evolutionary game theory (Chapter 4): (1) “Knowing who speaks when: A note on communication, common knowledge and consensus” (together with Mark Voorneveld) We study a model of pairwise communication in a finite population of Bayesian agents. We show that, if the individuals update only according to the signal they actually hear, and they do not take into account all the hypothetical signals they could have received, a consensus is not necessarily reached. We show that a consensus is achieved for a class of protocols satisfying “information exchange”: if agent A talks to agent B infinitely often, agent B also gets infinitely many opportunities to talk back. Finally, we show that a commonly known consensus is reached in arbitrary protocols, if the communication structure is commonly known. (2) “Aggregate information, common knowledge and agreeing not to bet” I consider gambles that take place even if some – but not all – people agree to participate. I show that the bet cannot take place if it is commonly known how many individuals are willing to participate. (3) “Testing rationality on primitive knowledge” (together with Olivier Gossner) The main difficulty in testing negative introspection is the infinite cardinality of the set of propositions. We show that, under positive conditions, negative introspection holds if and only if it holds for primitive propositions, and is therefore easily testable. When knowledge arises from a semantic model, we show that, further, negative introspection on primitive propositions is equivalent to partitional information structures. In this case, partitional information structures are easily testable. (4) “The target projection dynamic” (together with Mark Voorneveld) We study a model of learning in normal form games. The dynamic is given a microeconomic foundation in terms of myopic optimization under control costs due to a certain status-quo bias. We establish a number of desirable properties of the dynamic: existence, uniqueness, and continuity of solution trajectories, Nash stationarity, positive correlation with payoffs, and innovation. Sufficient conditions are provided under which strictly dominated strategies are wiped out. Finally, some stability results are provided for special classes of games.
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| 8. |
- Tsakas, Elias, 1979, et al.
(författare)
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The Target Projection Dynamic
- 2009
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Ingår i: Games and Economic Behavior. ; 67:2, s. 708-719
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Tidskriftsartikel (refereegranskat)
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