Economics at your fingertips  

Revealed Stochastic Preference: A One-Paragraph Proof and Generalization

Jörg Stoye

Papers from

Abstract: McFadden and Richter (1991) and later McFadden (2005) show that the Axiom of Revealed Stochastic Preference characterizes rationalizability of choice probabilities through random utility models on finite universal choice spaces. This note proves the result in one short, elementary paragraph and extends it to set valued choice. The latter requires a different axiom than is reported in McFadden (2005).

New Economics Papers: this item is included in nep-upt
Date: 2018-10, Revised 2019-02
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Published in Economics Letters, 177, pp 66-68, 2019

Downloads: (external link) Latest version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this paper

More papers in Papers from
Bibliographic data for series maintained by arXiv administrators ().

Page updated 2019-04-21
Handle: RePEc:arx:papers:1810.10604