A Testable Theory of Imperfect Perception
Andrew Caplin
(1)
,
Daniel Martin
(2, 3)
Résumé
We provide a characterisation of choice behaviour generated by a Bayesian expected utility maximiser. The observable signature of this standard model is the impossibility of raising utility by switching wholesale from one action to another. We provide applications to robustness, to the recovery of utility from choice data and to model classification.
Domaines
Economies et finances| Format du dépôt | Notice |
|---|---|
| Type de dépôt | Article dans une revue |
| Résumé |
en
We provide a characterisation of choice behaviour generated by a Bayesian expected utility maximiser. The observable signature of this standard model is the impossibility of raising utility by switching wholesale from one action to another. We provide applications to robustness, to the recovery of utility from choice data and to model classification.
|
| Titre |
en
A Testable Theory of Imperfect Perception
|
| Auteur(s) |
Andrew Caplin
1
, Daniel Martin
2, 3
1
NYU -
New York University [New York]
( 300459 )
- 70 Washington Square South, New York, NY 10012
- États-Unis
2
PSE -
Paris-Jourdan Sciences Economiques
( 139754 )
- 48 boulevard Jourdan 75014 Paris
- France
3
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
|
| Page/Identifiant |
184–202
|
| Numéro |
582
|
| Volume |
125
|
| Langue du document |
Anglais
|
| Nom de la revue |
|
| Vulgarisation |
Non
|
| Comité de lecture |
Oui
|
| Audience |
Internationale
|
| Date de publication |
2015-02
|
| Public visé |
Scientifique
|
| Sous-type de document pour les Articles |
Research article
|
| Version du document |
version éditeur
|
| Domaine(s) |
|
| Financement |
|
| Voir aussi |
|
| Mots-clés |
en
Bayesian
|
| DOI | 10.1111/ecoj.12130 |
| ProdINRA | 312623 |
| UT key WOS | 000348872200008 |
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