Pennings, Joost M.E.; Garcia, Philip; Irwin, Scott H. - European Association of Agricultural Economists - EAAE - 2011
Heterogeneity, i.e., the notion that individuals respond differently to economic stimuli, can have profound … grouping techniques that can be used to account for heterogeneity in financial behavior. Two are well established: company … participants behave in a similar manner may consider using of mixture model in the presence of heterogeneity in financial behavior. …