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A Measure of Behavioral Heterogeneity (with Jose Apesteguia)

Virtual Microeconomics Seminar 2022-2023
joint with the Département de sciences économiques, Université de Montréal

Organizer : Lars Ehlers (U. of Montreal)

Please contact the organizer if you would like access.  

RÉSUMÉ : In this paper we propose a novel way to measure behavioral heterogeneity in a population of stochastic individuals. Our measure is choice-based; it evaluates the probability that, over a sampled menu, the sampled choices of two sampled individuals differ. We provide axiomatic foundations for this measure, and a decomposition result that separates heterogeneity into its intra- and inter-personal components.


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