Forecasting the outcome of a time-varying Bernoulli process: Data from a laboratory experiment.

ABSTRACT: The data presented in this article are related to the research article entitled "Discrete Adjustment to a Changing Environment: Experimental Evidence" (Khaw et al., 2017) [1]. We present data from a laboratory experiment that asks subjects to forecast the outcome of a time-varying Bernoulli process. On a computer program, subjects draw rings with replacement from a virtual box containing green and red rings in an unknown proportion. Subjects provide their estimates of the probability of drawing a green ring. They are rewarded for their participation and for the accuracy of their estimates. The actual probability of drawing a green ring is initially drawn from a uniform distribution. It then changes intermittently throughout the session, and each subsequent probability is an independent dra

SUBMITTER: Khaw MW 

PROVIDER: S-EPMC5647523 | biostudies-literature | 2017 Dec

REPOSITORIES: biostudies-literature