Accession Number:

AD0425585

Title:

VARIANCE OF UTILITY PARAMETER ESTIMATES AND PREDICTIONS IN SIEGEL'S MODEL OF REPETITIVE CHOICE,

Descriptive Note:

Corporate Author:

RAND CORP SANTA MONICA CALIF

Personal Author(s):

Report Date:

1963-12-01

Pagination or Media Count:

12.0

Abstract:

The Siegel expected utility maximization model for the k-light experiment is reviewed, and the variances of estimates of the model parameters and of the model predictions are obtained. The Siegel experiments are analyzed, and it is shown that in no case are the observed devia tions of predicted from actual behavior as great as two standard deviations. Author

Subject Categories:

Distribution Statement:

APPROVED FOR PUBLIC RELEASE