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Modeling individual choices in experiments : reply to Conte and Moffatt

Cappelen, Alexander W.; Hole, Astri Drange; Sørensen, Erik Ø.; Tungodden, Bertil
Working paper
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URI
http://hdl.handle.net/11250/163188
Date
2009-07
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  • Discussion papers (SAM) [586]
Abstract
In a comment to Cappelen, Hole, Sørensen, and Tungodden (2007b),

Conte and Moffatt (2009) challenge our use of a random utility model

when studying individual choices in a fairness experiment. They propose

an alternative approach, what we call the random behavioral model, and

they show that the choice of modeling strategy has profound implications

for our understanding of the observed behavior. In this note, we discuss

how the two approaches differ, and we show that the random behavioral

model of Conte and Moffatt (2009) fails to fit the data from our fairness experiment.
Publisher
Norwegian School of Economics and Business Administration. Department of Economics
Series
Discussion paper
2009:7

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