Randomized Sign Test for Dependent Observations on Discrete Choice under Risk

Anat Bracha, Jeremy Gray (), Rustam Ibragimov, Boaz Nadler (), Dmitry Shapiro, Glena Ames () and Donald Brown ()
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Jeremy Gray: Dept. of Psychology, Yale University, http://www.yale.edu/psychology/FacInfo/Gray.html
Boaz Nadler: Dept. of Mathematics, Yale University
Glena Ames: Cowles Foundation, Yale University, http://cowles.econ.yale.edu/

No 1526, Cowles Foundation Discussion Papers from Cowles Foundation, Yale University

Abstract: This paper proposes nonparametric statistical procedures for analyzing discrete choice models of affective decision making. We make two contributions to the literature on behavioral economics. Namely, we propose a procedure for eliciting the existence of a Nash equilibrium in an intrapersonal, potential game as well as randomized sign tests for dependent observations on game-theoretic models of affective decision making. This methodology is illustrated in the context of a hypothetical experiment -- the Casino Game.

Keywords: Behavioral economics; Affective decision making; Intrapersonal potential games; Randomized sign tests; Dependent observations; Adapted sequences; Martingale-difference sequences (search for similar items in EconPapers)
JEL-codes: C12 C32 C35 C72 C91 D11 D81 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dcm, nep-ecm, nep-exp and nep-fmk
Date: 2005-06
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Persistent link: http://EconPapers.repec.org/RePEc:cwl:cwldpp:1526

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