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A Quantitative Approach to Incentives: Application to Voting Rules
Voting Rules Quantitative
2015/7/15
We present a general approach to quantifying a mechanism’s susceptibility to
strategic manipulation, based on the premise that agents report their preferences
truthfully if the potential gain from b...
Functional dynamic factor models with application to yield curve forecasting
Functional data analysis expectation maximization algorithm natural cubic splines cross-validation roughness penalty
2012/11/23
Accurate forecasting of zero coupon bond yields for a continuum of maturities is paramount to bond portfolio management and derivative security pricing. Yet a universal model for yield curve forecasti...
Fitting directed acyclic graphs with latent nodes as finite mixtures models, with application to education transmission
Extendedlatentclassmodels mixturemodels structuralequations causal inference
2012/11/22
This paper describes an efficient EM algorithm for maximum likelihood estimation of a system of nonlinear structural equations corresponding to a directed acyclic graph model that can contain an arbit...