Sentence examples for observed choice from inspiring English sources

Within this model, tariff choice relies on the preferences of a representative consumer, and not on an exogenous demand or observed choice.

Furthermore, a growing body of evidence suggests that overt behavior can index a dynamic evidence accumulation process and observed choice behavior is a result of this process (Koop & Johnson, 2011; Spivey & Dale, 2006).

Given the form of a generative model, one can use observed choice behavior to estimate the parameters of the model that best accounts for the choices of each subject.

"The observed choice between the two reveals which one provides the greater utility" (Greene 2008: 777).

In his seminal paper Manski (2004) strongly advocated for collecting self reported expectation data and using those jointly with observed choice data.

This lack of compliance suggests that one cannot use the observed choice between the cost method and the equity method to infer the underlying characteristics of the investment as specified by the accounting standard.

In Table 4 we report again the relative frequencies of the three most often observed choices, viz.

Instead of describing the restrictions on behaviour in terms of the derivatives of certain functions (the slopes of Engel curves, for example), this approach works by characterising them in terms of a finite system of inequalities involving the consumers' observed choices only.

Economic utility is measured by observed choices, and economic theory is generally agnostic about what happens afterward.

For example, risk aversion is commonly attributed to diminishing marginal utility, yet because economists observe choice rather than marginal utility, the explanation of diminishing marginal utility is an "as if" concept.

Use of a driving simulator allows us to observe choices over risky alternatives that are presented to the individual in a naturalistic manner, with many of the cues one would find in the field.