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- W2100076918 abstract "Perturbed utility functions|the sum of expected utility and a non-linear perturbation function|provide a simple and tractable way to model various sorts of stochastic choice. We provide two easily understood conditions each of which characterizes this representation: One condition generalizes the acyclicity condition used in revealed preference theory, and the other generalizes Luce’s IIA condition. We relate the discrimination or selectivity of choice rules to properties of their associated perturbations, both across dierent agents and across decision problems. We also show that these representations correspond to a form of ambiguity-averse preferences for an agent who is uncertain about her true utility." @default.
- W2100076918 created "2016-06-24" @default.
- W2100076918 creator A5005323356 @default.
- W2100076918 creator A5064485567 @default.
- W2100076918 creator A5068576488 @default.
- W2100076918 date "2015-01-01" @default.
- W2100076918 modified "2023-10-01" @default.
- W2100076918 title "Stochastic Choice and Revealed Perturbed Utility" @default.
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- W2100076918 doi "https://doi.org/10.3982/ecta12660" @default.
- W2100076918 hasPublicationYear "2015" @default.
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