The stochastic component in choice and regression to the mean

In this article, we illustrate experimentally an important consequence of the stochastic component in choice behaviour which has not been acknowledged so far. Namely, its potential to produce ‘regression to the mean’ (RTM) effects. We employ a novel approach to individual choice under risk, based on...

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Bibliographic details
Main Author: García-Gallego, Aurora
Georgantzis, Nikolaos
Navarro Martínez, Daniel
Sabater-Grande, Gerardo
Format: Journal Article
Language: English
Place of publication: Springer Science+Business Media 16.06.2010
Data of publication: 2010-06-16
Theory Dec. (2011) 71:251–267
Online Access: available in Bonn?
Database: El Repositori de la Universitat Jaume
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