Behavior in a Dynamic Decision Problem: An Analysis of Experimental Evidence Using a Bayesian Type Classification Algorithm

Different people may use different strategies, or decision rules, when solving complex decision problems. We provide a new Bayesian procedure for drawing inferences about the nature and number of decision rules present in a population, and use it to analyze the behaviors of laboratory subjects confr...

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Détails bibliographiques
Publié dans:Econometrica. - Wiley. - 72(2004), 3, Seite 781-822
Auteur principal: Houser, Daniel (Auteur)
Autres auteurs: Keane, Michael, McCabe, Kevin
Format: Article en ligne
Langue:English
Publié: 2004
Accès à la collection:Econometrica
Sujets:Dynamic programming Gibbs sampling Bayesian decision theory Experimental economics Behavioral economics Heuristics Behavioral sciences Mathematics Philosophy Economics Applied sciences