Parsimony is a desirable feature of economic models but almost all human behaviors are characterized by vast individual … variation that appears to defy parsimony. How much parsimony do we need to give up to capture the fundamental aspects of a … that makes the trade-off between parsimony and descriptive accuracy explicit, we show that three preference types …

Parsimony is a desirable feature of economic models but almost all human behaviors are characterized by vast individual … variation that appears to defy parsimony. How much parsimony do we need to give up to capture the fundamental aspects of a … that makes the trade-off between parsimony and descriptive accuracy explicit, we show that three preference types …

Parsimony is a desirable feature of economic models but almost all human behaviors are characterized by vast individual … variation that appears to defy parsimony. How much parsimony do we need to give up to capture the fundamental aspects of a … that makes the trade-off between parsimony and descriptive accuracy explicit, we show that three preference types - an …

Parsimony is a desirable feature of economic models but almost all human behaviors are characterized by vast individual … variation that appears to defy parsimony. How much parsimony do we need to give up to capture the fundamental aspects of a … that makes the trade-off between parsimony and descriptive accuracy explicit, we show that three preference types …

Parsimony is a desirable feature of economic models but almost all human behaviors are characterized by vast individual … variation that appears to defy parsimony. How much parsimony do we need to give up to capture the fundamental aspects of a … that makes the trade-off between parsimony and descriptive accuracy explicit, we show that three preference types …

Parsimony is a desirable feature of economic models but almost all human behaviors are characterized by vast individual … variation that appears to defy parsimony. How much parsimony do we need to give up to capture the fundamental aspects of a … that makes the trade-off between parsimony and descriptive accuracy explicit, we show that three preference types - an …

assumed to follow parsimonious random walks, where parsimony stems from the assumption that increments to the parameters have … a non-zero probability of being exactly equal to zero. By varying the degree of parsimony our model can accommodate …

to follow parsimonious random walks, where parsimony stems from the assumption that increments to the parameters have a …