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Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods
Published on: September 19, 2012
Jessica Alves1, Jorge Bazán2,3, Jorge González2,4
1Department of Statistics, State University of Maringá, Paraná, Brazil.
Two new Item Response Theory (IRT) models using the Generalized Extreme Value (GEV) distribution offer asymmetric item characteristic curves (ICC) for improved response behavior modeling. These Bayesian models show promise in real-world mathematics test data analysis.
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