Model | ρ (A, B) | θ1 (A, B) | θ2 (A, B) | λ (A, B) | BIC (A, B) |
---|---|---|---|---|---|
1 parameter Prelec (θ1 = α) | 3.45, 3.62 | 0.31, 0.47 | NA | 0.85, 1.44 | 341.3, 294.6 |
2 parameter Prelec (θ1 = α, θ2 = β) | 3.60, 3.84 | 0.49, 0.54 | 1.48, 1.20 | 0.81, 1.39 | 347.7, 301.2 |
Gonzalez and Wu (θ1 = δ, θ2 = γ) | 3.61, 3.83 | 0.41, 0.62 | 0.63, 0.58 | 0.80, 1.39 | 347.7, 301.2 |
NA, Not applicable.