Evaluating generalizability and parameter consistency in learning models

@article{Yechiam2008EvaluatingGA,
  title={Evaluating generalizability and parameter consistency in learning models},
  author={Eldad Yechiam and Jerome R. Busemeyer},
  journal={Games and Economic Behavior},
  year={2008},
  volume={63},
  pages={370-394}
}
The present study proposes a new evaluation method for learning models used for predicting decisions based on experience. The method is based on the generalization of models’ predictions at the individual level. First, it evaluates the ability to make a priori predictions for decisions on a new task using parameters previously estimated from a different task performed by an individual decision maker. In addition, it evaluates the consistency of parameters estimated in different tasks performed… CONTINUE READING

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