Binary single-crossing random utility models

Henrik Petri

Games and Economic Behavior, 2023, vol. 138, issue C, 311-320

Abstract: We characterize the single-crossing random utility model (SCRUM) (Apesteguia et al. (2017)) restricted to the (experimentally and empirically) important domain of binary choice menus. As corollaries we characterize some important subclasses of SCRUM (such as single-peaked and single-dipped random utility models) on this domain. In doing so, we address instances of the (still unsolved) binary random utility problem, which asks under what conditions there is a random utility model consistent with data from binary menus.

Keywords: Stochastic choice; Binary choice menus; Single-crossing property; Single-peaked preferences; Single-dipped preferences; Stochastic transitivity (search for similar items in EconPapers)
JEL-codes: D01 D90 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:138:y:2023:i:c:p:311-320

DOI: 10.1016/j.geb.2022.12.011

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