Collapse Sidebar

Students / Subjects


Experimenters
Email:

Password:


Forgot password?

Register

Cataloged Resource Summary

 

Title

Bayes' Rule Probability Elicitation

Author

Charles Holt

Category

Information and Uncertainty

Type

Experiment Software

Description

This program sets up an individual decision-making task in which each person obtains a private signal about which of two events has ocurred ("Red" or "Blue") and must report a probability for one of the events. Earnings are structured so that the optimal decision is to report one's true subjective probability, in a DeGroot/Marshack type of mechanism. This setup allows one to evaluate the extent to which reported probabilities match those implied by Bayes' rule.

URL

http://veconlab.econ.virginia.edu/bay/bay.php

Home URL

http://veconlab.econ.virginia.edu/
Copyright 2006 Experimental Economics Center. All rights reserved. Send us feedback