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2B and 3A (and therefore display a familiar x-axis), we can see that because the monkey choosers be uniform, while the indexed by obeying very first-acquisition stochastic dominance, it method chance neutrality plus poor risk aversion. Therefore, monkey subjects, no less than in this activity, act as sensible models of human decision manufacturers regarding one another its feel in addition to their risk attitudes. Next, compliance having basic-buy stochastic dominance means that, in theory, that it observed conclusion is going to be properly modeled having a computer program-setting layout investigation (4, 7, 22, 23). Of many has mentioned (e.g., refs. 22–24) that these analyses will be very misleading whenever choosers let you know inconsistent behavior. It is very important mention, although not, that once our monkeys let you know consistent choices after education, the conclusion is especially of your own type of electricity principle was designed to describe. You can, needless to say, argue that this type of parametric analyses is of no focus but you to definitely do not in cases like this argue that such analyses try misleading otherwise incorrect.

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