A Measure of Behavioral Heterogeneity

Miguel Ballester and Jose Apesteguia

No 1373, Working Papers from Barcelona School of Economics

Abstract: In this paper we propose a novel way to measure behavioral heterogeneity in a population of stochastic individuals. Our measure is choice-based; it evaluates the probability that, over a sampled menu, the sampled choices of two sampled individuals differ. We provide axiomatic foundations for this measure, and a decomposition result that separates heterogeneity into its intra- and inter-personal components.

Keywords: heterogeneity; intra-personal; inter-personal; axiomatic foundations (search for similar items in EconPapers)
JEL-codes: D01 (search for similar items in EconPapers)
Date: 2022-12
New Economics Papers: this item is included in nep-evo
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Working Paper: A measure of behavioral heterogeneity (2022)
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