A canon of probabilistic rationality

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

Authors (5)

Cerreia-Vioglio, Simone (Università Commerciale Luigi B...) 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:

0.807 = (α=2.02 / 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