Revealed Stochastic Preference: A one-paragraph proof and generalization

C-Tier
Journal: Economics Letters
Year: 2019
Volume: 177
Issue: C
Pages: 66-68

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

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

Abstract

McFadden 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).

Technical Details

RePEc Handle
repec:eee:ecolet:v:177:y:2019:i:c:p:66-68
Journal Field
General
Author Count
1
Added to Database
2026-01-29