Publication Date: June 2005
This paper proposes nonparametric statistical procedures for analyzing discrete choice models of aﬀective decision making. We make two contributions to the literature on behavioral economics. Namely, we propose a procedure for eliciting the existence of a Nash equilibrium in an intrapersonal, potential game as well as randomized sign tests for dependent observations on game-theoretic models of aﬀective decision making. This methodology is illustrated in the context of a hypothetical experiment — the Casino Game.
Behavioral economics, Aﬀective decision making, Intrapersonal potential games, Randomized sign tests, Dependent observations, Adapted sequences, Martingale-diﬀerence sequences
JEL Classification Codes: C12, C32, C35, C72, C91, D11, D81