Abstract
This doctoral dissertation consists of three chapters on mixed hitting-time (MHT) models that specify durations as the first time a latent stochastic process crosses a heterogeneous threshold. Chapter 2 studies the empirical analysis of synchronization games in which the payoffs of stopping increase when other agents stop. Chapter 3 investigates a competing risks model in which one latent duration is the first time a stochastic process increases above some threshold and the other latent duration is the first time this same process falls below another threshold. Chapter 4 considers an extension of the MHT model with a mean reverting latent process, i.e. an Ornstein-Uhlenbeck process.
Original language | English |
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Qualification | Doctor of Philosophy |
Awarding Institution |
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Supervisors/Advisors |
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Award date | 12 Apr 2019 |
Place of Publication | Tilburg |
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Print ISBNs | 978 90 5668 584 3 |
DOIs | |
Publication status | Published - 2019 |