EconPapers    
Economics at your fingertips  
 

Investigation to Stochastic Preference Theory Using Exeprimental Data

Enrica Carbone ()

University of East Anglia Discussion Papers in Economics from School of Economics, University of East Anglia, Norwich, UK.

Abstract: This paper investigates the relative empirical performance of 3 stories of error' in decision-making experiments - finding that the constant-error-probability story does not fit particularly well, but that the white-noise and stochastic preference stories perform considerably better. The paper concludes by suggesting ways of testing between these two

Keywords: DECISION MAKING; RISK; STOCHASTIC MODELS (search for similar items in EconPapers)
JEL-codes: D81 C91 C25 (search for similar items in EconPapers)
Pages: 19 pages
Date: 1997
References: Add references at CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
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:uea:papers:9701

Ordering information: This working paper can be ordered from
Reception, School of Economics, University of East Anglia, Norwich Research Park, Norwich, NR4 7TJ, UK

Access Statistics for this paper

More papers in University of East Anglia Discussion Papers in Economics from School of Economics, University of East Anglia, Norwich, UK. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Cushan ().

 
Page updated 2020-06-25
Handle: RePEc:uea:papers:9701