On probabilistic rationalizability
Nandeibam, S., 2009. On probabilistic rationalizability. Social Choice and Welfare, 32 (3), pp. 425-437.
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This paper examines the problem of rationalizability of a choice system without imposing restrictions on the universal set of alternatives and the family of feasible sets. A choice system is the probabilistic counterpart of a choice function which is basic to much of the theory of individual choice behaviour in economics. We provide a necessary and sufficient condition for a choice system to be induced by a probability measure on a set of utility functions.
|Departments||Faculty of Humanities & Social Sciences > Social & Policy Sciences|
Faculty of Humanities & Social Sciences > Economics
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