Showing 31 - 40 of 43
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
We introduce a new method for drawing state variables in Gaussian state space models from their conditional distribution given parameters and observations. Unlike standard methods, our method does not involve Kalman filtering. We show that for some important cases, our method is computationally...
Persistent link: https://www.econbiz.de/10005133223
I present a theory of random consumer demand. The primitive is a collection of probability distributions on budgets. Axioms constrain these distributions, including analogues of preference axioms, such as transitivity, monotonicity and convexity. Results establish a complete representation of...
Persistent link: https://www.econbiz.de/10005683077
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
The BACC software provides its users with tools for Bayesian Analysis, Computation and Communications. The current version of the software, described here, implements these tools as extensions to popular mathematical applications such as Matlab, S-PLUS, R, and Gauss, running under Windows, Linux...
Persistent link: https://www.econbiz.de/10005701595
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/10010687592
We introduce a new method for drawing state variables in Gaussian state space models from their conditional distribution given parameters and observations. Unlike standard methods, our method does not involve Kalman filtering. We show that for some important cases, our method is computationally...
Persistent link: https://www.econbiz.de/10008617027
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/10008671549