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Optimal Design of an Experiment in Economics

  • Werner Müller
  • , Antonio C. Ponce de Leon

Publication: Working/Discussion PaperWU Working Paper and Case

52 Downloads (Pure)

Abstract

This paper deals with the application of optimal design principles in an experiment examining individual decision making under risk. It provides general principles on how to conduct experiments in a probit model estimation situation and illust rates the benefit of those techniques through equivalent number of observations. (author's abstract)

Publication series

SeriesForschungsberichte / Institut für Statistik
Number31

WU Working Papes and Cases

  • Forschungsberichte / Institut für Statistik

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