The present theory leads to a set of subjective weights such that the utility of an uncertain alternative (gamble) is partitioned into three terms involving those weights¿a conventional subjectively weighted utility function ...

Investigates whether extremely cheap and relatively simple vector autoregressive (VAR) models produce sensible forecasts of major Australian macroeconomic variables. Accuracy of ex-ante forecast produced by some representative ...

Wealth is an important measure of overall economic well-being and a crucial factor in migrants' ability to integrate into their new country. Using data from the 2002 HILDA survey, this study explores the disparity between ...

In this paper, we conduct an empirical study to investigate the directionality of the dependence between the Chinese economy and the Japanese economy. Taking a probabilistic causal approach, we infer the causal dependence ...

This study explores factors that influence participation in genetic testing programs and the acceptance of multiple tests. Tay Sachs and cystic fibrosis are both genetically determined recessive disorders with differing ...

The papers and comments in this issue focus on four broad areas related to understanding and modeling choices: (1) The use of laboratory experiments to improve valuation methods; (2) The design of stated preference choice ...

The Marshall-Lerner condition-that the sum of the elasticities of import and export demand exceeds unity--has been put forward as a condition that is required for a depreciation to make the trade balance more positive. ...

The decision to undertake a screening test is conditional upon awareness of screening. From an econometric perspective there is a potential selection problem, if no distinction is made between aware and unaware ...