Publisher Summary This chapter summarizes the ability of the models to track the shift in
departure rates induced by the 1982 window plan. All forecasts were based on the …

This chapter describes several nonparametric estimation and testing methods for
econometric models. Instead of using parametric assumptions on the functions and …

As large language models (LLMs) like GPT become increasingly prevalent, it is essential
that we assess their capabilities beyond language processing. This paper examines the …

The hedonic property-value model has been refined over more than forty years to become
one of the premier approaches to valuing environmental amenities. This article presents …

Problems involving causal inference have dogged at the heels of statistics since its earliest
days. Correlation does not imply causation, and yet causal conclusions drawn from a …

If household income is pooled and then allocated to maximize welfare then income under
the control of mothers and fathers should have the same impact on demand. With survey …

Traditionally, household behavior is derived from the maximization of a unique utility
function. In this paper, we propose an alternative approach, in which the household is …

SUBJECTS IN ECONOMIC LABORATORY experiments have clearly expressed an interest
in behaving unselfishly. They cooperate in prisoners' dilemma games, they give to public …

Game theory is central to understanding human behavior and relevant to all of the
behavioral sciences—from biology and economics, to anthropology and political science …

What motivates people when they make decisions and how those motivations are potentially
entangled with concerns for others are central topics for the social, cognitive, and behavioral …