Revealed stochastic preference: a synthesis View Full Text


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Article Info

DATE

2005-08

AUTHORS

Daniel L. McFadden

ABSTRACT

Summary.The problem of revealed stochastic preference is whether probability distributions of observed choices in a population for various choice situations are consistent with a hypothesis of maximization of preference preorders by members of the population. This is a population analog of the classical revealed preference problem in economic consumer theory. This paper synthesizes the solutions to this problem that have been obtained by Marcel K. Richter and the author, and by J. C. Falmagne, in the case of finite sets of alternatives, and utilizes unpublished research of Richter and the author to give results for the non-finite choice sets encountered in economic consumer theory. More... »

PAGES

245-264

Identifiers

URI

http://scigraph.springernature.com/pub.10.1007/s00199-004-0495-3

DOI

http://dx.doi.org/10.1007/s00199-004-0495-3

DIMENSIONS

https://app.dimensions.ai/details/publication/pub.1038275098


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