{"title":"Elements In Behavioural And Experimental Economics","description":"\u003cp\u003eDelve into the fascinating world of behavioural and experimental economics with this insightful series. Explore the elements that shape our choices and understand the science behind decision-making.\u003c\/p\u003e","products":[{"product_id":"imperfect-perception-and-stochastic-choice-in-experiments-book-john-smith-9781009048699","title":"Imperfect Perception and Stochastic Choice in Experiments","description":"The branch of psychology that studies how physical objects are perceived by subjects is known as psychophysics. A feature of the experimental design is that the experimenter presents objectively measurable objects that are imperfectly perceived by subjects. The responses are stochastic in that a subject might respond differently in otherwise identical situations. These stochastic choices can be compared to the objectively measurable properties. 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