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Forbidden zones for the expectations of measurement data and problems of behavioral economics

Alexander Harin ()

MPRA Paper from University Library of Munich, Germany

Abstract: A theorem, applied mathematical method and qualitative mathematical models are introduced in the present article. The method and models are based on the forbidden zones of the theorem and suppose that people decide as if there were some biases of the expectations of measurement data, e.g., under influence of noise. The article is motivated by the need for theoretical support for the practical analysis that was performed for the purposes of behavioral economics.

Keywords: variance; expectation; noise; bias; measurement; utility; prospect theory; behavioral economics; psychology; social sciences (search for similar items in EconPapers)
JEL-codes: C02 C1 D8 D81 D84 (search for similar items in EconPapers)
Date: 2019-01-09
New Economics Papers: this item is included in nep-cbe and nep-upt
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