Binary options trade indicators
While some decision makers display relatively small amounts of variability in their binary choices, the typical picture for actual participants in the Tversky study and the Regenwetter et al. But we will see that even data like those of HDM warrant quantitative testing. What are some common descriptive approaches in the literature to diagnose the behavior of the three decision makers.
First, consider the total number of choices of a given decision maker that match KT-V4. The two real decision makers, DM1 and DM2 are not as clear cut.