On the independence from irrelevant alternatives in probabilistic choice models
type: Item
instance of: scholarly article
title: On the independence from irrelevant alternatives in probabilistic choice models
zbMATH Open document ID: 0588.90001
DOI: 10.1016/0022-0531(85)90050-X
author: Larry Samuelson
published in: Journal of Economic Theory
publication date: 1985-01-01T00:00:00Z
review text: The assumption of ''Independence of irrelevant alternatives'', or Savage's ''Sure thing principle'' is necessary to prove the expected utility theorem in choice theory. The author states that an equivalent assumption is occasionally invoked in the probabilistic choice theory due to Luce, and shows that in this case the assumption is very restrictive.
Mathematics Subject Classification ID: 91B06
zbMATH DE Number: 3945818
zbMATH Keywords: Independence of irrelevant alternatives
zbMATH Keywords: Sure thing principle
zbMATH Keywords: expected utility theorem
zbMATH Keywords: probabilistic choice theory
MaRDI profile type: Publication
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full work available at URL: 0022-0531(85)90050-x
OpenAlex ID: W2011165510
description: scientific article; zbMATH DE number 3945818