Some estimations of the minimal magnitudes of forbidden zones in experimental data
Alexander Harin ()
MPRA Paper from University Library of Munich, Germany
Suppose a random variable takes on values in an interval. The minimal distance between the expectation of the variable and the nearest boundary of the interval is considered in the present article. A question whether this distance can be neglected with respect to the standard deviation is analyzed as the main item. This minimal distance can determine the minimal magnitudes of non-zero forbidden zones and biases caused by noise for results of experiments. These non-zero forbidden zones and biases cause fundamental problems, especially in interpretations of experiments in behavioral economics and decision sciences.
Keywords: utility theory; prospect theory; behavioral economics; decision sciences; probability; experiments; data; variance; expectation; noise (search for similar items in EconPapers)
JEL-codes: C1 C81 C9 D8 D81 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/80319/1/MPRA_paper_80319.pdf original version (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:80319
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Series data maintained by Joachim Winter ().