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Stochastic semi-orders

Author

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  • Horan, Sean

Abstract

In the late 1950's, Luce developed two theories of imperfect utility discrimination that have had a lasting effect on economics. The first (1956) initiated the literature on incomplete preferences while the second (1959) laid the foundations for the literature on discrete choice.

Suggested Citation

  • Horan, Sean, 2021. "Stochastic semi-orders," Journal of Economic Theory, Elsevier, vol. 192(C).
    • Handle: RePEc:eee:jetheo:v:192:y:2021:i:c:s0022053120301642
    DOI: 10.1016/j.jet.2020.105171
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    Citations

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    Cited by:

    1. Dongwoo Lee & Hans Haller, 2022. "Selective attribute rules," Journal of Economics, Springer, vol. 137(3), pages 229-254, December.
    2. Efe A. Ok & Gerelt Tserenjigmid, 2023. "Measuring Stochastic Rationality," Papers 2303.08202, arXiv.org, revised Dec 2023.
    3. Cerreia-Vioglio, Simone & Lindberg, Per Olov & Maccheroni, Fabio & Marinacci, Massimo & Rustichini, Aldo, 2021. "A canon of probabilistic rationality," Journal of Economic Theory, Elsevier, vol. 196(C).
    4. Rehbeck, John, 2024. "A menu dependent Luce model with a numeraire," Journal of Mathematical Economics, Elsevier, vol. 110(C).
    5. Faro, José Heleno, 2023. "The Luce model with replicas," Journal of Economic Theory, Elsevier, vol. 208(C).
    6. Doğan, Serhat & Yıldız, Kemal, 2021. "Odds supermodularity and the Luce rule," Games and Economic Behavior, Elsevier, vol. 126(C), pages 443-452.

    More about this item

    Keywords

    Just noticeable difference; Semi-order; Luce choice axiom; Strict utility model; Imperfect utility discrimination;
    All these keywords.

    JEL classification:

    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles

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