Revealed Stochastic Preference: A One-Paragraph Proof and Generalization

• Tác giả: Jörg Stoye
• Ngôn ngữ: eng
• Ký hiệu phân loại: 511.36 Proof theory and constructive mathematics
• Thông tin xuất bản: 2018
• Bộ sưu tập: Metadata
• ID: 162321

Tóm tắt

Comment: 5 pages. This preprint corresponds exactly to published versionMcFadden and Richter (1991) and later McFadden (2005) show that the Axiom of Revealed Stochastic Preference characterizes rationalizability of choice probabilities through random utility models on finite universal choice spaces. This note proves the result in one short, elementary paragraph and extends it to set valued choice. The latter requires a different axiom than is reported in McFadden (2005).