A Testable Theory of Imperfect Perception
Article dans une revue: 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.
Auteur(s)
Andrew Caplin, Daniel Martin
Revue
- The Economic Journal
Date de publication
- 2015
Mots-clés
- Bayesian
Pages
- 184–202
URL de la notice HAL
Version
- 1
Volume
- 125