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Correlated Individual Differences and Choice Prediction

Author

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  • Luke Lindsay

    () (Department of Economics, University of Zurich, Blümlisalpstrasse 10, 8006 Zurich, Switzerland)

Abstract

This note briefly summarizes the consequences of adding correlated individual differences to the best baseline model in the Games competition, I-SAW. I find evidence that the traits of an individual are correlated, but refining I-SAW to capture these correlations does not significantly improve the model’s accuracy when predicting average behavior.

Suggested Citation

  • Luke Lindsay, 2011. "Correlated Individual Differences and Choice Prediction," Games, MDPI, Open Access Journal, vol. 2(1), pages 1-5, February.
  • Handle: RePEc:gam:jgames:v:2:y:2011:i:1:p:16-20:d:11241
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    References listed on IDEAS

    as
    1. Ido Erev & Eyal Ert & Alvin E. Roth, 2010. "Erev, I. et al . A Choice Prediction Competition for Market Entry Games: An Introduction. Games 2010, 1 , 117-136," Games, MDPI, Open Access Journal, vol. 1(3), pages 1-5, July.
    2. Yechiam, Eldad & Busemeyer, Jerome R., 2008. "Evaluating generalizability and parameter consistency in learning models," Games and Economic Behavior, Elsevier, vol. 63(1), pages 370-394, May.
    3. Ido Erev & Eyal Ert & Alvin E. Roth, 2010. "A Choice Prediction Competition for Market Entry Games: An Introduction," Games, MDPI, Open Access Journal, vol. 1(2), pages 1-20, May.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    individual differences; choice prediction; I-SAW; modeling correlation;

    JEL classification:

    • C - Mathematical and Quantitative Methods
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games

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