Statistical inference for measures of predictive success

Thomas Demuynck

Theory and Decision, 2015, vol. 79, issue 4, 689-699

Abstract: We provide statistical inference for measures of predictive success. These measures are frequently used to evaluate and compare the performance of different models of individual and group decision making in experimental and revealed preference studies. We provide a brief illustration of our findings by comparing the predictive success of different revealed preference tests for models of intertemporal decision making. This demonstrates that it is possible to compare the predictive success of different models in a statistically meaningful way. Copyright The Author(s) 2015

Keywords: Predictive success; Revealed preference; Experimental economics; C10 C90 D12 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://hdl.handle.net/10.1007/s11238-015-9486-z (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Statistical inference for measures of predictive success (2015)
Working Paper: Statistical inference for measures of predictive success (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:theord:v:79:y:2015:i:4:p:689-699

Ordering information: This journal article can be ordered from
http://www.springer. ... ry/journal/11238/PS2

DOI: 10.1007/s11238-015-9486-z

Access Statistics for this article

Theory and Decision is currently edited by Mohammed Abdellaoui

More articles in Theory and Decision from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().