Revealed preference domains from random choice

B-Tier
Journal: Games and Economic Behavior
Year: 2024
Volume: 147
Issue: C
Pages: 288-304

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

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

Abstract

Ordinal random utility models (RUMs) are based on the presumption that fluctuating preferences drive stochastic choices. We study a novel property of RUM subclasses called exclusiveness, satisfied whenever the supports of all RUM representations of stochastic choice data, rationalizable by a RUM over preferences within a specific domain, also belong to that domain. We demonstrate that well-known preference domains such as the single-peaked, single-dipped, triple-wise value-restricted and peak-monotone are RUM-exclusive, alongside a novel domain we term peak-pit on a line. Building on existing characterization results, we show how these preference domains can be directly revealed from stochastic choice data, without the need to compute all RUM representations.

Technical Details

RePEc Handle
repec:eee:gamebe:v:147:y:2024:i:c:p:288-304
Journal Field
Theory
Author Count
1
Added to Database
2026-01-29