Effect of state on relative value: Representative agent in EUT approach.

The values of the fitted scaling factors (using maximum likelihood estimation) for food and water relative to money as a function of state for the representative agent. Note that the Constant variable represents the value in the deprived state and the State variable represents the addition (subtraction) during the satiated state. A BoldItalic font represents a significant effect of state. Scale – the fitted scaling factor. Beta – the slope of the logit function. Coef. – the regression coefficient; Std Err – standard errors; z – z score of the regression; P>z – pvalue of the regression; CI – confidence interval.