4 papers
Inference for multi-valued heterogeneous treatment effects when the number of treated units is small
Marina Dias, Demian Pouzo
We propose a method for conducting asymptotically valid inference for treatment effects in a multi-valued treatment framework where the number of units in the treatment arms can be…
Investor Experiences and International Capital Flows
Ulrike Malmendier, Demian Pouzo, Victoria Vanasco
We propose a novel explanation for classic international macro puzzles regarding capital flows and portfolio investment, which builds on modern macro-finance models of experience-b…
Asymptotic Behavior of Bayesian Learners with Misspecified Models
Ignacio Esponda, Demian Pouzo, Yuichi Yamamoto
We consider an agent who represents uncertainty about the environment via a possibly misspecified model. Each period, the agent takes an action, observes a consequence, and uses Ba…
Penalized Sieve GEL for Weighted Average Derivatives of Nonparametric Quantile IV Regressions
Xiaohong Chen, Demian Pouzo, James L. Powell
This paper considers estimation and inference for a weighted average derivative (WAD) of a nonparametric quantile instrumental variables regression (NPQIV). NPQIV is a non-separabl…