Stochastic utility theorem

DOI10.1016/j.jmateco.2007.12.005zbMath1152.91019OpenAlexW3122976148MaRDI QIDQ952679

Pavlo R. Blavatskyy

Publication date: 13 November 2008

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jmateco.2007.12.005

zbMATH Keywords

expected utility theoryFechner modelLuce choice modelstochastic utilitytremble

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16) Individual preferences (91B08)

Related Items (21)

Random binary choices that satisfy stochastic betweenness ⋮ Fechner's strong utility model for choice among \(n > 2\) alternatives: risky lotteries, savage acts, and intertemporal payoffs ⋮ Noise and bias in eliciting preferences ⋮ Uncertainty and binary stochastic choice ⋮ Probability weighting and L-moments ⋮ Invariance axioms and functional form restrictions in structural models ⋮ Empirical tests of stochastic binary choice models ⋮ A Refinement of Logit Quantal Response Equilibrium ⋮ Probabilistic intertemporal choice ⋮ Loss aversion ⋮ Probabilistic choice and stochastic dominance ⋮ Which decision theory? ⋮ Utility of a quarter-million ⋮ Stochastic transitivity: axioms and models ⋮ Behavior in the centipede game: a decision-theoretical perspective ⋮ Probabilistic risk aversion with an arbitrary outcome set ⋮ Stronger utility ⋮ Stochastic models for risky choices: a comparison of different axiomatizations ⋮ Stochastic expected utility for binary choice: a `modular' axiomatic foundation ⋮ How to extend a model of probabilistic choice from binary choices to choices among more than two alternatives ⋮ Future plans and errors

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