Matches in SemOpenAlex for { <https://semopenalex.org/work/W21743587> ?p ?o ?g. }
Showing items 1 to 86 of
86
with 100 items per page.
- W21743587 abstract "This dissertation presents three stand-alone contributions to econometric inference and the analysis of strategic behavior. Chapter 1 develops a structural econometric framework for first-price auctions that generalizes the assumption of Bayesian Nash Equilibrium within the context of a level-k behavioral model. The level-k model nests equilibrium by allowing bidders to best respond to heterogeneous beliefs about opponents' bidding strategies. I characterize conditions for identification of the distribution over valuations and bidder-types in populations with heterogeneous behavioral strategies. I propose a semi-nonparametric maximum likelihood estimator, establishing nonparametric consistency with an upper- semicontinuous population likelihood function, which I compute using a generalized expectation maximization algorithm. Presenting evidence from a pilot study of vintage computer auctions, I find a high level of bidder sophistication in the field. I also characterize expected revenues in first price auctions with level-k bidders, establishing a partial identification result for expected revenues in unidentified behavioral models. Empirical evidence suggests a misspecified equilibrium optimal reserve price could reduce expected revenues 30% relative to an unbinding reserve price. Chapter 2 introduces new Bayesian methods adapted to estimating a large-dimensional covariance matrix. I analyze the return generating process using an unrestricted factor model of covariance, imposing structure on the covariance matrix through prior beliefs on the parameters governing this process. I use these methods to provide an empirical Bayesian foundation for a general class of shrinkage estimators and use the shrinkage interpretation to characterize prior beliefs that optimize a posterior objective function. This estimation strategy delivers lower finite-sample loss than existing estimators in Monte Carlo simulations and performs well in minimum variance portfolio selection exercises. Chapter 3 analyzes conformist tendencies for a population in which individuals gain utility by mimicking the average behavior, characterizing norms by the mean behavior, thus introducing an endogenous mechanism for establishing social norms. Under this specification, social preferences generally give rise to more concentrated behavior and a conformist pool forms when social preferences are sufficiently prominent. In addition to illustrating the determinants of conformist behavior with an endogenous reference point, these findings support applied work inferring social norms from average behavior" @default.
- W21743587 created "2016-06-24" @default.
- W21743587 creator A5025116304 @default.
- W21743587 date "2010-01-01" @default.
- W21743587 modified "2023-09-27" @default.
- W21743587 title "Essays on inference and strategic modeling" @default.
- W21743587 cites W1489293997 @default.
- W21743587 cites W1507168176 @default.
- W21743587 cites W1526293194 @default.
- W21743587 cites W1579579143 @default.
- W21743587 cites W1597168054 @default.
- W21743587 cites W1974896217 @default.
- W21743587 cites W1984102369 @default.
- W21743587 cites W2008835440 @default.
- W21743587 cites W2029056003 @default.
- W21743587 cites W2034346901 @default.
- W21743587 cites W2037934447 @default.
- W21743587 cites W2057825256 @default.
- W21743587 cites W2062125287 @default.
- W21743587 cites W2062677059 @default.
- W21743587 cites W2066985590 @default.
- W21743587 cites W2092013333 @default.
- W21743587 cites W2092270509 @default.
- W21743587 cites W2109183455 @default.
- W21743587 cites W2119040993 @default.
- W21743587 cites W2130937741 @default.
- W21743587 cites W2140950724 @default.
- W21743587 cites W2159706540 @default.
- W21743587 cites W2163969674 @default.
- W21743587 cites W2165408259 @default.
- W21743587 cites W2200113965 @default.
- W21743587 cites W2273282289 @default.
- W21743587 cites W3121324299 @default.
- W21743587 cites W3121419301 @default.
- W21743587 cites W3121867519 @default.
- W21743587 cites W3122000667 @default.
- W21743587 cites W3122304752 @default.
- W21743587 cites W3125107430 @default.
- W21743587 cites W3125678160 @default.
- W21743587 hasPublicationYear "2010" @default.
- W21743587 type Work @default.
- W21743587 sameAs 21743587 @default.
- W21743587 citedByCount "0" @default.
- W21743587 crossrefType "journal-article" @default.
- W21743587 hasAuthorship W21743587A5025116304 @default.
- W21743587 hasConcept C105795698 @default.
- W21743587 hasConcept C149782125 @default.
- W21743587 hasConcept C162324750 @default.
- W21743587 hasConcept C163239763 @default.
- W21743587 hasConcept C175444787 @default.
- W21743587 hasConcept C185429906 @default.
- W21743587 hasConcept C33923547 @default.
- W21743587 hasConceptScore W21743587C105795698 @default.
- W21743587 hasConceptScore W21743587C149782125 @default.
- W21743587 hasConceptScore W21743587C162324750 @default.
- W21743587 hasConceptScore W21743587C163239763 @default.
- W21743587 hasConceptScore W21743587C175444787 @default.
- W21743587 hasConceptScore W21743587C185429906 @default.
- W21743587 hasConceptScore W21743587C33923547 @default.
- W21743587 hasLocation W217435871 @default.
- W21743587 hasOpenAccess W21743587 @default.
- W21743587 hasPrimaryLocation W217435871 @default.
- W21743587 hasRelatedWork W112984116 @default.
- W21743587 hasRelatedWork W127750648 @default.
- W21743587 hasRelatedWork W1590253428 @default.
- W21743587 hasRelatedWork W17959146 @default.
- W21743587 hasRelatedWork W1969216927 @default.
- W21743587 hasRelatedWork W2080557921 @default.
- W21743587 hasRelatedWork W2107605831 @default.
- W21743587 hasRelatedWork W2121220858 @default.
- W21743587 hasRelatedWork W2150064221 @default.
- W21743587 hasRelatedWork W2167134627 @default.
- W21743587 hasRelatedWork W2185599968 @default.
- W21743587 hasRelatedWork W2188795573 @default.
- W21743587 hasRelatedWork W2208372978 @default.
- W21743587 hasRelatedWork W285506523 @default.
- W21743587 hasRelatedWork W3123612598 @default.
- W21743587 hasRelatedWork W3123888700 @default.
- W21743587 hasRelatedWork W3125965332 @default.
- W21743587 hasRelatedWork W3152352318 @default.
- W21743587 hasRelatedWork W367905847 @default.
- W21743587 hasRelatedWork W88252626 @default.
- W21743587 isParatext "false" @default.
- W21743587 isRetracted "false" @default.
- W21743587 magId "21743587" @default.
- W21743587 workType "article" @default.