VARIANCE OF UTILITY PARAMETER ESTIMATES AND PREDICTIONS IN SIEGEL'S MODEL OF REPETITIVE CHOICE,

Abstract

The Siegel expected utility maximization model for the k-light experiment is reviewed, and the variances of estimates of the model parameters and of the model predictions are obtained. The Siegel experiments are analyzed, and it is shown that in no case are the observed devia tions of predicted from actual behavior as great as two standard deviations. (Author)

Document Details

Document Type
Technical Report
Publication Date
Dec 01, 1963
Accession Number
AD0425585

Entities

People

  • Albert Madansky

Organizations

  • RAND Corporation

Tags

DTIC Thesaurus Topics

  • Computing-Related Activities
  • Data Science
  • Information Science
  • Interdisciplinary Science
  • Mathematical Analysis
  • Mathematics
  • Standards

Readers

  • Computational Modeling and Simulation
  • Snow Cover Descriptors for Reptiles and Their Illustrations.
  • Statistical inference.