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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 ()
Additional contact information
Jeremy Gray: Dept. of Psychology, Yale University
Boaz Nadler: Dept. of Mathematics, Yale University
Glena Ames: Cowles Foundation, Yale University, http://cowles.yale.edu/

No 1526, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, 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)
Pages: 51 pages
Date: 2005-06
New Economics Papers: this item is included in nep-dcm, nep-ecm, nep-exp and nep-fmk
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Persistent link: https://EconPapers.repec.org/RePEc:cwl:cwldpp:1526

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