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standard deviation

Overview page. Subjects: Science and Mathematics.

A measure of the dispersion of data in statistics. For a set of values a 1, a 2, a 3, … an , the mean m is given by (a 1 + anull...

See overview in Oxford Index

Applications to Economics

Jacob K. Goeree, Charles A. Holt and Thomas R. Palfrey.

in Quantal Response Equilibrium

June 2016; p ublished online January 2018 .

Chapter. Subjects: History of Economic Thought. 13788 words.

This chapter explores whether the equilibrium effects of noisy behavior can cause large deviations from standard predictions in economically relevant situations. It considers a simple...

Go to Princeton University Press »  abstract