Revisiting consistency with random utility maximisation: theory and implications for practical work

DOI10.1007/s11238-017-9651-7zbMath1395.91180OpenAlexW2782280549WikidataQ59884845 ScholiaQ59884845MaRDI QIDQ1744211

Stephane Hess, Richard Batley, Andrew Daly

Publication date: 16 April 2018

Published in: Theory and Decision (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11238-017-9651-7

zbMATH Keywords

discrete choicebehavioural patternsrandom utility maximisationRUM properties

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16)

Related Items (2)

Modelling consideration heterogeneity in a two-stage conjunctive model ⋮ Joint location and cost planning in maximum capture facility location under random utilities

Cites Work

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• Choice by elimination
• Compensating Variation and Hicksian Choice Probabilities in Random Utility Models that are Nonlinear in Income
• The Framing of Decisions and the Psychology of Choice
• Discrete Choice Methods with Simulation
• Applied Welfare Economics with Discrete Choice Models
• Prospect Theory: An Analysis of Decision under Risk
• Context-Dependent Preferences
• "Coherent Arbitrariness": Stable Demand Curves Without Stable Preferences
• Stochastic Choice and Consideration Sets

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