Publication Type
Journal Article
Version
acceptedVersion
Publication Date
7-2017
Abstract
Motivated by the literature on random choice and in particular the random utility models, we extend the analysis in Bossert and Sprumont (2013) to include the possibility that players exhibit stochastic preferences over alternatives. We prove that every random choice rule is backwards-induction rationalizable.
Keywords
Revealed preference, Backwards-induction, Rationalizability, Random choice, Stochastic preference
Discipline
Economic Theory
Research Areas
Economic Theory
Publication
Games and Economic Behavior
Volume
104
First Page
563
Last Page
567
ISSN
0899-8256
Identifier
10.1016/j.geb.2017.06.003
Publisher
Elsevier
Citation
LI, Jiangtao and TANG, Rui.
Every random choice rule is backwards-induction rationalizable. (2017). Games and Economic Behavior. 104, 563-567.
Available at: https://ink.library.smu.edu.sg/soe_research/2197
Copyright Owner and License
Authors
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.1016/j.geb.2017.06.003