Experimentation with heteroskedastic noise

@article{Creane1994ExperimentationWH,
  title={Experimentation with heteroskedastic noise},
  author={Anthony Creane},
  journal={Economic Theory},
  year={1994},
  volume={4},
  pages={275-286}
}
ConclusionThe direction of information with respect to the choice variable can easily change under a general class of distributions. The implication is that, when information is a function of the choice variable, the result of a model may be an outcome of the structure of the uncertainty and not of the existence of uncertainty. Thus, incomplete information does not always have such a clear effect on an agent's decision as previous models have suggested. If such results are key to the… CONTINUE READING

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