TY - JOUR
T1 - On probabilistic rationalizability
AU - Nandeibam, Shasikanta
PY - 2009
Y1 - 2009
N2 - This paper examines the problem of rationalizability of a choice system without imposing restrictions on the universal set of alternatives and the family of feasible sets. A choice system is the probabilistic counterpart of a choice function which is basic to much of the theory of individual choice behaviour in economics. We provide a necessary and sufficient condition for a choice system to be induced by a probability measure on a set of utility functions.
AB - This paper examines the problem of rationalizability of a choice system without imposing restrictions on the universal set of alternatives and the family of feasible sets. A choice system is the probabilistic counterpart of a choice function which is basic to much of the theory of individual choice behaviour in economics. We provide a necessary and sufficient condition for a choice system to be induced by a probability measure on a set of utility functions.
UR - http://www.scopus.com/inward/record.url?scp=58849095362&partnerID=8YFLogxK
UR - http://dx.doi.org/10.1007/s00355-008-0332-x
U2 - 10.1007/s00355-008-0332-x
DO - 10.1007/s00355-008-0332-x
M3 - Article
SN - 0176-1714
VL - 32
SP - 425
EP - 437
JO - Social Choice and Welfare
JF - Social Choice and Welfare
IS - 3
ER -