Name: Imperfect Perception and Stochastic Choice in Experiments (en Inglés)
SKU: 55905665
Price: 576.03 MXN
Availability: InStock
Author: Brañas-Garza Pablo,Smith John Alan
ISBN: 9781009048699

portada Imperfect Perception and Stochastic Choice in Experiments (en Inglés)

Imperfect Perception and Stochastic Choice in Experiments (en Inglés)

Formato

Libro Físico

Editorial

Cambridge University Press

Autor

Brañas-Garza Pablo,Smith John Alan

Idioma

Inglés

Encuadernación

Tapa Blanda

ISBN13

9781009048699

Imperfect Perception and Stochastic Choice in Experiments (en Inglés)

Brañas-Garza Pablo,Smith John Alan (Autor) · Cambridge University Press · Tapa Blanda

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Reseña del libro "Imperfect Perception and Stochastic Choice in Experiments (en Inglés)"

The branch of psychology that studies how physical objects are perceived by subjects is known as psychophysics. A feature of the experimental design is that the experimenter presents objectively measurable objects that are imperfectly perceived by subjects. The responses are stochastic in that a subject might respond differently in otherwise identical situations. These stochastic choices can be compared to the objectively measurable properties. This Element offers a brief introduction to the topic, explains how psychophysics insights are already present in economics, and describes experimental techniques with the goal that they are useful in the design of economics experiments. Noise is a ubiquitous feature of experimental economics and there is a large strand of economics literature that carefully considers the noise. However, the authors view the psychophysics experimental techniques as uniquely suited to helping experimental economists uncover what is hiding in the noise.