Arbeitspapier

Forecasting errors: yet more problems for identification?

Forecasting errors pose a serious problem of identification, often neglected in empirical applications. Any attempt of estimating choice models under uncertainty may lead to severely biased results in the presence of forecasting errors even when individual expectations on future events are observed together with the standard outcome variables.

Language
Englisch

Bibliographic citation
Series: IZA Discussion Papers ; No. 4035

Classification
Wirtschaft
Econometrics
Model Construction and Estimation
Subject
Identification
forecasting errors
subjective probabilities
Entscheidung bei Unsicherheit
Rationale Erwartung
Prognose
Statistischer Fehler
Arbeitsmobilität
Theorie

Event
Geistige Schöpfung
(who)
Contini, Bruno
Event
Veröffentlichung
(who)
Institute for the Study of Labor (IZA)
(where)
Bonn
(when)
2009

Handle
URN
urn:nbn:de:101:1-20090306288
Last update
10.03.2025, 11:42 AM CET

Data provider

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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Arbeitspapier

Associated

  • Contini, Bruno
  • Institute for the Study of Labor (IZA)

Time of origin

  • 2009

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