Testing Validity of Using Sample Mean in Studies of Behavioral Facts

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DOI: 10.4236/me.2011.23040   PDF   HTML     4,555 Downloads   7,340 Views  

Abstract

In this paper we argue that a couple of taken-for-granted methods employed in studying behavioral facts of human risk preference are mistakable. We call for within-subjects experiment design and propose a simple statistical method that might be used to test the validity of using sample mean in interpreting as well as generalizing risk preferences.

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Y. Zou and R. Hu, "Testing Validity of Using Sample Mean in Studies of Behavioral Facts," Modern Economy, Vol. 2 No. 3, 2011, pp. 371-382. doi: 10.4236/me.2011.23040.

Conflicts of Interest

The authors declare no conflicts of interest.

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