INTRODUCTION TO ECONOMETRICS II ECO 306 NOUN 71 accustomed to the game, although, obviously, there will be variations caused by the luck factor. Suppose that the learning
curve determines their scores 500 100
iiiYX
where,
Y is the score,
X is the number of times
that they have played before, and is a disturbance term. The following table gives the results of the first 20 games of anew player.
X automatically goes from 0 to 19; was set equal to 400 times the numbers generated by a normally distributed random variable with 0 mean and unit variance, and
X and
determined
Yaccording to the learning curve.
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