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Table 2 Models of (log) risk attitude as a function of games, participants and time

From: Spontaneous social distancing in response to a simulated epidemic: a virtual experiment

Model

Formula

Population μ

Participants λ i

Games ηi,k

Time εi,k,t

AIC

A

log(αi,k,t) = μ + λ i  + ηi,k + εi,k,t

–1.934

0.7354

0.2730

0.5833

14502

B

log(αi,k,t) = μ + λ i  + εi,k,t

–2.004

0.7935

 

0.6719

15835

C

log(αi,k,t) = μ + η k  + εi,k,t

–2.382

 

0.1697

0.9544

20235

D

log(αi,k,t) = μ + εi,k,t

–2.325

  

0.9628

20348

  1. Random effects (λ i , ηi,k) and time variability (εi,k,t) are distributed according to a normal distribution with average 0 and standard deviation listed in the table. AIC is the Akaike Information Criterion [40]