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A Measure of Behavioral Heterogeneity

Author

Listed:
  • Jose Apesteguia
  • Miguel Ángel Ballester

Abstract

In this paper we propose a novel way to measure behavioral heterogeneity in a population of stochastic individuals. Our measure is choice-based; it evaluates the probability that, over a sampled menu, the sampled choices of two sampled individuals differ. We provide axiomatic foundations for this measure, and a decomposition result that separates heterogeneity into its intra- and inter-personal components.

Suggested Citation

  • Jose Apesteguia & Miguel Ángel Ballester, 2022. "A Measure of Behavioral Heterogeneity," Working Papers 1373, Barcelona School of Economics.
    • Handle: RePEc:bge:wpaper:1373
    as

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    References listed on IDEAS

    as
    1. Train,Kenneth E., 2009. "Discrete Choice Methods with Simulation," Cambridge Books, Cambridge University Press, number 9780521766555.
    2. Katherine Baldiga & Jerry Green, 2013. "Assent-maximizing social choice," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 40(2), pages 439-460, February.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    heterogeneity; intra-personal; inter-personal; axiomatic foundations;
    All these keywords.

    JEL classification:

    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles

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