Showing 1 - 10 of 14
We complete the development of a testing ground for axioms of discrete stochastic choice. Our contribution here is to develop new posterior simulation methods for Bayesian inference, suitable for a class of prior distributions introduced by McCausland and Marley (2013). These prior distributions...
Persistent link: https://www.econbiz.de/10011186236
I introduce the HESSIAN method for semi-Gaussian state space models with univariate states. The vector of states a=(a^1; ... ; a^n) is Gaussian and the observed vector y= (y^1 ; ... ; y^n ) need not be. I describe a close approximation g(a) to the density f(a|y). It is easy and fast to evaluate...
Persistent link: https://www.econbiz.de/10005729777
McCausland (2004a) describes a new theory of random consumer demand. Theoretically consistent random demand can be represented by a "regular" "L-utility" function on the consumption set X. The present paper is about Bayesian inference for regular L-utility functions. We express prior and...
Persistent link: https://www.econbiz.de/10005729859
This paper presents a new theory of random consumer demand. The primitive is a collection of probability distributions, rather than a binary preference. Various assumptions constrain these distributions, including analogues of common assumptions about preferences such as transitivity,...
Persistent link: https://www.econbiz.de/10005729879
We propose an alternate parameterization of stationary regular finite-state Markov chains, and a decomposition of the parameter into time reversible and time irreversible parts. We demonstrate some useful properties of the decomposition, and propose an index for a certain type of time...
Persistent link: https://www.econbiz.de/10005353406
I introduce the HESSIAN method for semi-Gaussian state space models with univariate states. The vector of states a=(a^1, ... , a^n) is Gaussian and the observed vector y= (y^1 , ... , y^n ) need not be. I describe a close approximation g(a) to the density f(a|y). It is easy and fast to evaluate...
Persistent link: https://www.econbiz.de/10008617018
McCausland (2004a) describes a new theory of random consumer demand. Theoretically consistent random demand can be represented by a "regular" "L-utility" function on the consumption set X. The present paper is about Bayesian inference for regular L-utility functions. We express prior and...
Persistent link: https://www.econbiz.de/10005545594
We propose an alternate parameterization of stationary regular finite-state Markov chains, and a decomposition of the parameter into time reversible and time irreversible parts. We demonstrate some useful properties of the decomposition, and propose an index for a certain type of time...
Persistent link: https://www.econbiz.de/10005545621
This paper presents a new theory of random consumer demand. The primitive is a collection of probability distributions, rather than a binary preference. Various assumptions constrain these distributions, including analogues of common assumptions about preferences such as transitivity,...
Persistent link: https://www.econbiz.de/10005545627
We introduce a procedure to infer the repeated-game strategies that generate actions in experimental choice data. We apply the technique to set of experiments where human subjects play a repeated Prisoner's Dilemma. The technique suggests that two types of strategies underly the data.
Persistent link: https://www.econbiz.de/10005133132