Separating Predicted Randomness from Noise

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University of Pennsylvania

3718 Locust Walk
410 McNeil Building

Philadelphia, PA
19104

United States

with Miguel Ballester (Oxford) 

 

Abstract: Given stochastic behavior and a model of stochastic choice, we offer a methodology to separate from the data the randomness that is inherent to the stochastic choice model from what is noisy behavior. We then study the case of several choice models, and apply our methodology to an experimental dataset.

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Jose Apesteguia

Universtat Pompeu Fabra