Browsing Research Articles (Economics) by Subject "Bayesian learning"

Browsing Research Articles (Economics) by Subject "Bayesian learning"

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  • Bayesian learning with multiple priors and nonvanishing ambiguity 
    Zimper, Alexander; Ma, Wei (Springer, 2017-10)
    The existing models of Bayesian learning with multiple priors by Marinacci (Stat Pap 43:145–151, 2002) and by Epstein and Schneider (Rev Econ Stud 74:1275–1303, 2007) formalize the intuitive notion that ambiguity should ...
  • Biased Bayesian learning with an application to the risk-free rate puzzle 
    Ludwig, Alexander; Zimper, Alexander (Elsevier, 2014-02)
    Based on the axiomatic framework of Choquet decision theory, we develop a closed-form model of Bayesian learning with ambiguous beliefs about the mean of a normal distribution. In contrast to rational models of Bayesian ...
  • Do Bayesians learn their way out of ambiguity? 
    Zimper, Alexander (INFORMS, 2011-09)
    In standard models of Bayesian learning agents reduce their uncertainty about an event s true probability because their consistent estimator concentrates almost surely around this probability s true value as the number ...
  • A life-cycle model with ambiguous survival beliefs 
    Groneck, Max; Ludwig, Alexander; Zimper, Alexander (Elsevier, 2016-03)
    Based on a cognitive notion of neo-additive capacities re ecting likelihood in- sensitivity with respect to survival chances, we construct a Choquet Bayesian learning model over the life-cycle that generates a motivational ...
  • A parsimonious model of subjective life expectancy 
    Ludwig, Alexander; Zimper, Alexander (Springer, 2013-10)
    On average, “young” people underestimate whereas “old” people overestimate their chances to survive into the future. Such subjective survival beliefs violate the rational expectations paradigm and are also not in line with ...