Separating Predicted Randomness from Noise
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Micro Theory Seminar
University of Pennsylvania
3718 Locust Walk
410 McNeil Building
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.