A canon of probabilistic rationality

A-Tier
Journal: Journal of Economic Theory
Year: 2021
Volume: 196
Issue: C

Authors (5)

Cerreia-Vioglio, Simone (not in RePEc) Lindberg, Per Olov (not in RePEc) Maccheroni, Fabio (not in RePEc) Marinacci, Massimo (Università Commerciale Luigi B...) Rustichini, Aldo (not in RePEc)

Score contribution per author:

0.804 = (α=2.01 / 5 authors) × 2.0x A-tier

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

Abstract

We prove that a random choice rule satisfies Luce's Choice Axiom if and only if its support is a choice correspondence that satisfies the Weak Axiom of Revealed Preference, thus it consists of alternatives that are optimal according to some preference, and then random choice occurs according to a tie-breaking mechanism among such alternatives that satisfies Renyi's Conditioning Axiom.

Technical Details

RePEc Handle
repec:eee:jetheo:v:196:y:2021:i:c:s002205312100106x
Journal Field
Theory
Author Count
5
Added to Database
2026-01-25