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Estimating Bayesian decision problems with heterogeneous expertise

Abstract:

We consider the recent novel two‐step estimator of Iaryczower and Shum (American Economic Review 2012; 102: 202–237), who analyze voting decisions of US Supreme Court justices. Motivated by the underlying theoretical voting model, we suggest that where the data under consideration display variation in the common prior, estimates of the structural parameters based on their methodology should generally benefit from including interaction terms between individual ...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1002/jae.2446

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Institution:
University of Oxford
Division:
SSD
Department:
Economics
Oxford college:
University College
Role:
Author
Publisher:
Wiley Publisher's website
Journal:
Journal of Applied Econometrics Journal website
Volume:
31
Issue:
4
Pages:
762-771
Publication date:
2015-03-18
Acceptance date:
2014-11-17
DOI:
EISSN:
1099-1255
ISSN:
0883-7252
Keywords:
Pubs id:
pubs:927022
UUID:
uuid:6a3d7843-9150-4302-8faa-dd15a3b23a85
Local pid:
pubs:927022
Source identifiers:
927022
Deposit date:
2019-01-23

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