Binary choice probabilities on mixture sets
Experimental evidence suggests that choice behaviour has a stochastic element. Much of this evidence is based on studying choices between lotteries - choice under risk. Binary choice probabilities admit a strong utility representation (SUR) if there is a utility function such that the probability of...
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Format: | Others |
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School of Computer and Mathematical Sciences, Auckland University of Technology,
2014-12-07T22:22:19Z.
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Online Access: | Get fulltext |