Table 3. Estimated parameter values for different model versions using the data from experiments with 10 rounds. The model versions are defined as follows: SP = probabilistic choice with social preferences, without learning and signaling; SP+L = probabilistic choice with social preferences with learning and without signaling; SP+L+S = probabilistic choice with social preferences with learning and with signaling; and L = probabilistic choice of income maximizers with learning and without signaling. See Table 2 for a list of parameters and their definitions. InL stands for maximum likelihood, AIC for Akaike Information Criterion, and BIC for Bayesian Information Criterion.
| | | |
|
SP
|
SP+L
|
SP+L+S
|
L
|
| |
φ
|
0.033
|
0.260
|
0.276
|
0.231
|
ρ
|
-0.836
|
0.398
|
0.380
|
-(0)
|
χ
|
-0.837
|
0.395
|
0.374
|
-(0)
|
λ
|
-(1)
|
0.829
|
0.818
|
0.900
|
δ
|
-(1)
|
0.538
|
0.545
|
0.187
|
κ
|
-(1)
|
0.077
|
0.057
|
0.132
|
θ
|
-(0)
|
-(0)
|
2.05
|
-(0)
|
η
|
-(0)
|
-(0)
|
10
|
-(0)
|
lnL
|
-7038.2
|
-5505.7
|
-5495.1
|
-5933.1
|
AIC
|
14082.5
|
11023.4
|
11006.2
|
11874.2
|
BIC
|
14099.9
|
11058.3
|
11052.7
|
11897.4
|
| | |
|