A Game-Theoretic Approach to the Binary Stochastic Choice Problem
We provide an equivalence theorem for the binary stochastic choice problem, which may be thought of as an implicit characterization of binary choice probabilities which are consistent with a probability over linear orderings. In some cases this implicit characterization is very useful in derivation of explicit necessary conditions. In particular, we present a new set of conditions which generalizes both Cohen and Falmagne's and Fishburn's conditions.
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|Date of creation:||Sep 1989|
|Date of revision:|
|Contact details of provider:|| Postal: Center for Mathematical Studies in Economics and Management Science, Northwestern University, 580 Jacobs Center, 2001 Sheridan Road, Evanston, IL 60208-2014|
Web page: http://www.kellogg.northwestern.edu/research/math/
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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Itzhak Gilboa, 1989.
"A Necessary but Insufficient Condition for the Stochastic Binary Choice Problem,"
818, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Itzhak Gilboa, 1990. "A necessary but insufficient condition for the stochastic binary choice problem," Post-Print hal-00481658, HAL.
- Daniel McFadden, 2005. "Revealed stochastic preference: a synthesis," Economic Theory, Springer, vol. 26(2), pages 245-264, 08.
- Gilboa, Itzhak & Monderer, Dov, 1991.
"Quasi-values on Subspaces,"
International Journal of Game Theory,
Springer, vol. 19(4), pages 353-63.
- Barbera, Salvador & Pattanaik, Prasanta K, 1986. "Falmagne and the Rationalizability of Stochastic Choices in Terms of Random Orderings," Econometrica, Econometric Society, vol. 54(3), pages 707-15, May.
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