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Full-Text Articles in Business
Chronic Disease, Homeland Security, And Sailing To Where There Be Dragons, David M. Hassenzahl
Chronic Disease, Homeland Security, And Sailing To Where There Be Dragons, David M. Hassenzahl
Public Policy and Leadership Faculty Publications
The five papers in this special issue share the perspective that attitudes toward risk are strongly shaped by social context, and that understanding context can help us understand how risk decisions are made, and thereby how to make them better.
A Monte Carlo Analysis Of Hedonic Models Using Traditional And Spatial Approaches, Helen R. Neill, David M. Hassenzahl, Djeto D. Assane
A Monte Carlo Analysis Of Hedonic Models Using Traditional And Spatial Approaches, Helen R. Neill, David M. Hassenzahl, Djeto D. Assane
Public Policy and Leadership Faculty Publications
Hedonic regression analysis of single family homes typically includes structural variables, locational variables and neighborhood quality characteristics. When nearby properties are related, Dubin (1988) reports that error terms are spatially autocorrelated. Estimation methods for these spatially autocorrelated error terms or hereafter, spatial approaches, include maximum likelihood estimation (MLE) and kriging techniques such as kriged maximum likelihood estimation (KMLE). Unfortunately these spatial methods require massive computer resources and are limited to significantly fewer observations than traditional ordinary least squares (OLS). This paper investigates the combination of spatial approaches and Monte Carlo analysis, a method that approximates large data sets. A question …