Variance of Utility Parameter Estimates and Predictions in Siegel's Model of Repetitive Choice.

Variance of Utility Parameter Estimates and Predictions in Siegel's Model of Repetitive Choice.

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A review of the Siegel expected utility maximization model for the k-light experiment. 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 cas...