On probabilistic rationalizability

Research output: Contribution to journalArticle

6 Citations (Scopus)

Abstract

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.
Original languageEnglish
Pages (from-to)425-437
Number of pages13
JournalSocial Choice and Welfare
Volume32
Issue number3
DOIs
Publication statusPublished - 2009

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