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Joint Econometrics & Microeconomics Workshop - Jose Apesteguia

Mon, 04/24/2017 - 4:15pm

Jose Apesteguia

Universitat Pompeu Fabra

498 Uris Hall

"Separating Predicted Randomness from Noise (joint w/Miguel A. Ballester)"

Given stochastic behavior and a model of stochastic choice, we offer a methodology to separate from the data the randomness that is inherent to the stochastic choice model from what is noisy behavior. We then study three particular models: (i) the standard deterministic model, (ii) the model of Luce, and (iii) the single-crossing random utility model.

Event Categories: Econometrics