Correlated Individual Differences and Choice Prediction
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.
References listed on IDEAS
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- 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 221-221, July.
- 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.
- 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 117-117, May.
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