1. Some risky choice experiments allow subjects to express indifference. Extend the likelihood function to deal with...

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1. Some risky choice experiments allow subjects to express indifference. Extend the likelihood function to deal with indifference. Hint: treat the data as ordinal with three outcomes (see Chapter 7) and introduce a threshold parameter κ.

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Experimetrics Econometrics For Experimental Economics

ISBN: 9780230250239

1st Edition

Authors: Peter Moffatt

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Question Posted: Nov 13, 2024 06:00 AM

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1. Some risky choice experiments allow subjects to express indifference. Extend the likelihood function to deal with...

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Experimetrics Econometrics For Experimental Economics

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