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Exploring Human Psychology with Mechanical Turk Data

Posted by Cameron Davidson-Pilon at

This blog post is a little different: it's a whole data collection and data analysis story. I become interested in some theories from behavioural economics, and wanted to verify them. So I used Mechanical Turkers to gather data, and then did some exploratory data analysis in Python and Pandas (bonus: I recorded my data analysis and visualization, see below). Prospect Theory and Expected Values It's clear that humans are irrational, but how irrational are they? After some research into behavourial...

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