# Axiomatization of stochastic models for choice under uncertainty

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## Abstract

## Suggested Citation

**Axiomatization of stochastic models for choice under uncertainty**," Mathematical Social Sciences, Elsevier, vol. 55(3), pages 341-370, May.

*RePEc:eee:matsoc:v:55:y:2008:i:3:p:341-370*

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## Other versions of this item:

- John K. Dagsvik, 2006.
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**Axiomatization of Stochastic Models for Choice under Uncertainty**," Discussion Papers 465, Statistics Norway, Research Department.

## References listed on IDEAS

- Fishburn, Peter C, 1978.
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**A Probabilistic Expected Utility Theory of Risky Binary Choices**," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 19(3), pages 633-646, October. - Dagsvik, John k: & Strøm, Steinar, 2003.
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**A Stochastic Model for the Utility of Income**," Memorandum 32/2003, Oslo University, Department of Economics.- John K. Dagsvik & Steinar Strøm & Zhiyang Jia, 2003.
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**A Stochastic Model for the Utility of Income**," Discussion Papers 358, Statistics Norway, Research Department.

- John K. Dagsvik & Steinar Strøm & Zhiyang Jia, 2003.
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- Loomes, Graham & Sugden, Robert, 1998.
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**Testing Different Stochastic Specifications of Risky Choice**," Economica, London School of Economics and Political Science, vol. 65(260), pages 581-598, November. - John K. Dagsvik, 2005.
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**Choice under Uncertainty and Bounded Rationality**," Discussion Papers 409, Statistics Norway, Research Department. - McFadden, Daniel L., 1984.
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**Econometric analysis of qualitative response models**," Handbook of Econometrics,in: Z. Griliches† & M. D. Intriligator (ed.), Handbook of Econometrics, edition 1, volume 2, chapter 24, pages 1395-1457 Elsevier. - Iverson, G. & Falmagne, J. -C., 1985.
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**Statistical issues in measurement**," Mathematical Social Sciences, Elsevier, vol. 10(2), pages 131-153, October. - Faruk Gul & Wolfgang Pesendorfer, 2006.
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**Random Expected Utility**," Econometrica, Econometric Society, vol. 74(1), pages 121-146, January.- F. Gul & W. Pesendorfer, 2002.
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**Random Expected Utility**," Princeton Economic Theory Working Papers 497768e9b9fc18361ac0810b3, David K. Levine. - Faruk Gul & Wolfgang Pesendorfer, 2005.
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**Random Expected Utility**," Levine's Bibliography 122247000000000834, UCLA Department of Economics.

- F. Gul & W. Pesendorfer, 2002.
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- Hey, John D & Orme, Chris, 1994.
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**Investigating Generalizations of Expected Utility Theory Using Experimental Data**," Econometrica, Econometric Society, vol. 62(6), pages 1291-1326, November. - Loomes, Graham & Sugden, Robert, 1995.
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**Incorporating a stochastic element into decision theories**," European Economic Review, Elsevier, vol. 39(3-4), pages 641-648, April. - Harless, David W & Camerer, Colin F, 1994.
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**The Predictive Utility of Generalized Expected Utility Theories**," Econometrica, Econometric Society, vol. 62(6), pages 1251-1289, November. - Carbone, Enrica, 1997.
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**Investigation of stochastic preference theory using experimental data**," Economics Letters, Elsevier, vol. 57(3), pages 305-311, December. - Hey, John D., 1995.
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**Experimental investigations of errors in decision making under risk**," European Economic Review, Elsevier, vol. 39(3-4), pages 633-640, April. - L. Thurstone, 2010.
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**Psychophysical Analysis**," Levine's Working Paper Archive 458, David K. Levine. - Dagsvik, John K. & Strom, Steinar & Jia, Zhiyang, 2006.
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**Utility of income as a random function: Behavioral characterization and empirical evidence**," Mathematical Social Sciences, Elsevier, vol. 51(1), pages 23-57, January.- John K. Dagsvik & Steinar Strøm & Zhiyang Jia, 2005.
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**Utility of Income as a Random Function. Behavioral Characterization and Empirical Evidence**," Discussion Papers 431, Statistics Norway, Research Department.

- John K. Dagsvik & Steinar Strøm & Zhiyang Jia, 2005.
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- Chris Starmer, 2000.
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**Developments in Non-expected Utility Theory: The Hunt for a Descriptive Theory of Choice under Risk**," Journal of Economic Literature, American Economic Association, vol. 38(2), pages 332-382, June. - Karni, Edi & Schmeidler, David, 1991.
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**Utility theory with uncertainty**," Handbook of Mathematical Economics,in: W. Hildenbrand & H. Sonnenschein (ed.), Handbook of Mathematical Economics, edition 1, volume 4, chapter 33, pages 1763-1831 Elsevier. - Gerard Debreu, 1957.
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**Stochastic Choice and Cardinal Utility**," Cowles Foundation Discussion Papers 39, Cowles Foundation for Research in Economics, Yale University.

**Full references**(including those not matched with items on IDEAS)

## Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
**Cited by:**

- Dagsvik, John K., 2015.
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**Stochastic models for risky choices: A comparison of different axiomatizations**," Journal of Mathematical Economics, Elsevier, vol. 60(C), pages 81-88. - Matthew Ryan, 2017.
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**Random Binary Choices that Satisfy Stochastic Betweenness**," Working Papers 2017-01, Auckland University of Technology, Department of Economics. - Matthew Ryan, 2015.
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**A Strict Stochastic Utility Theorem**," Economics Bulletin, AccessEcon, vol. 35(4), pages 2664-2672. - Matthew Ryan, 2015.
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**Binary Choice Probabilities on Mixture Sets**," Working Papers 2015-01, Auckland University of Technology, Department of Economics. - repec:eee:mateco:v:70:y:2017:i:c:p:176-184 is not listed on IDEAS
- Dagsvik, John K, 2017.
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**Invariance Axioms and Functional Form Restrictions in Structural Models**," Memorandum 08/2017, Oslo University, Department of Economics. - repec:spr:joecth:v:65:y:2018:i:3:d:10.1007_s00199-017-1033-4 is not listed on IDEAS
- John Dagsvik & Stine Røine Hoff, 2011.
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**Justification of functional form assumptions in structural models: applications and testing of qualitative measurement axioms**," Theory and Decision, Springer, vol. 70(2), pages 215-254, February. - repec:eee:matsoc:v:91:y:2018:i:c:p:85-95 is not listed on IDEAS
- Cadogan, Godfrey, 2010.
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**Asymptotic Theory Of Stochastic Choice Functionals For Prospects With Embedded Comotonic Probability Measures**," MPRA Paper 22380, University Library of Munich, Germany.

## More about this item

### JEL classification:

**C25**- Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities**D11**- Microeconomics - - Household Behavior - - - Consumer Economics: Theory**D81**- Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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