Imperfect Perception and Stochastic Choice in Experiments (Elements in Behavioural and Experimental Economics) - Softcover
Synopsis
While insights from classical psychophysics appear in economic theory, experimental techniques have an unrealized promise for economics.
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Imperfect Perception and Stochastic Choice in Experiments
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ISBN 10: 1009048694
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Imperfect Perception and Stochastic Choice in Experiments (Elements in Behavioural and Experimental Economics)
Published by
Cambridge University Press, 2024
ISBN 10: 1009048694
ISBN 13: 9781009048699
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Imperfect Perception and Stochastic Choice in Experiments
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ISBN 10: 1009048694
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Imperfect Perception and Stochastic Choice in Experiments (Paperback)
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ISBN 10: 1009048694
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Paperback. Condition: new. Paperback. 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. This Element offers a brief introduction to the topic, describes 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. This item is printed on demand. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9781009048699
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Imperfect Perception and Stochastic Choice in Experiments (Elements in Behavioural and Experimental Economics)
Published by
Cambridge University Press, 2024
ISBN 10: 1009048694
ISBN 13: 9781009048699
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Imperfect Perception and Stochastic Choice in Experiments (Elements in Behavioural and Experimental Economics)
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Imperfect Perception and Stochastic Choice in Experiments (Elements in Behavioural and Experimental Economics)
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ISBN 13: 9781009048699
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Imperfect Perception and Stochastic Choice in Experiments (Elements in Behavioural and Experimental Economics)
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Imperfect Perception and Stochastic Choice in Experiments
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ISBN 10: 1009048694
ISBN 13: 9781009048699
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