Econometric Causality This paper presents the econometric approach to causal modeling. It is motivated by policy problems. New causal parameters are defined and identified to address specific policy problems. Economists embrace a scientific approach to causality and model the preferences and choices of agents to infer subjective (agent) evaluations as well as objective outcomes. Anticipated and...

This paper studies a principal–agent relation in which the principal’s private information about the agent’s effort choice is more accurate than a noisy public performance measure. For some contingencies the optimal contract has to specify ex post inefficiencies in the form of inefficient termination (firing the agent) or third–party payments (money burning). We show that money burning is the l...

The aim of this study was to clarify how the sense of heaviness changes our cognition. According to recent studies in cognitive science, intelligent human behaviors ranging from perception to inference are not closed mental processes; rather, they are affected by body and action (Wilson, 2002; Gibbs, 2005; Proffitt, 2006). In previous studies, the sense of heaviness activated concepts metaphori...

In Jøsang’s subjective logic, the fusion operator is not able to fuse three or more opinions at a time and it cannot consider the effect of time factors on fusion. Also, the base rate (a) and non-informative prior weight (C) could not change dynamically. In this paper, we propose an Improved Subjective Logic Model with Evidence Driven (ISLM-ED) that expands and enriches the subjective logic the...

In an effort to deal with more complicated evaluation situations, scientists have focused their efforts on dynamic comprehensive evaluation research. How to make full use of the subjective and objective information has become one of the noteworthy content. In this paper, a dynamic comprehensive evaluation method with subjective and objective information is proposed. We use the combination weigh...

The concept of presence, i.e. the sensation of ‘being there’ in a mediated environment, has received substantial attention from the virtual reality community, and is becoming increasingly relevant both to broadcasters and display developers. Although research into presence is still at an early stage of development, there is a consensus that presence has multiple determinants. To identify and te...

This study aims to explore visual complexity in streetscape composition using RMS contrast information and Fractal Analysis. The dataset was composed of 74 streetscape images, taken in Algeria and Japan in daytime and nighttime. The evaluation and analysis covered two phases: (1) Subjective quantification of perceived complexity using ranking method. (2) Visual complexity measurement based on R...

Self-evaluations of program impact, notably subjective evaluations of the e¤ects of training, are wide-spread in both the public and the private sector – probably because self-evaluations o¤er an easy and low-cost alternative to rigorous experimental or econometric evaluations. In this paper, I analyze how subjective assessments of satisfaction with training compare to objective measures based ...