Likelihood relations and stochastic preferences

B-Tier
Journal: Journal of Mathematical Economics
Year: 2016
Volume: 62
Issue: C
Pages: 28-35

Authors (2)

Richter, Marcel K. Wong, Kam-Chau (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We define the concept of a qualitative, non-numerical relative likelihood relation, to capture the intuition that “it is at least as likely that a is preferred to b, as that c is preferred to d.” We provide necessary and sufficient conditions for this concept to be a basis for the numerical concept of a stochastic preference, which is a numerical probability measure on the set of deterministic preferences.

Technical Details

RePEc Handle
repec:eee:mateco:v:62:y:2016:i:c:p:28-35
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29