A stylized fact from laboratory experiments is that there is much heterogeneity in human behavior. We present and demonstrate a computationally practical non-parametric Bayesian method for characterizing this heterogeneity. In addition, we define the concept of behaviorally distinguishable...

We prove that every well-defined behavioral rule can be interpreted as being optimization-based. Therefore, the categorical distinction between boundedly-rational behavior and optimization-based behavior asserted by Harstad and Selten (2013) does not entail a substantive difference

In this paper we investigate two parametric approaches and one non-parametric approach to estimating Internet users' value of time, an important characteristic of demand for Internet services. The advantages of these approaches are brought out, and the limitations are discussed. The models are...