Law of demand and stochastic choice
نویسندگان
چکیده
Abstract We consider random choice rules that, by satisfying a weak form of Luce’s axiom, embody probabilistic rationality. show that for this important class stochastic choices, the law demand normal goods—arguably main result traditional consumer theory—continues to hold on average when strictly dominated alternatives are dismissed.
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ژورنال
عنوان ژورنال: Theory and Decision
سال: 2021
ISSN: ['1573-7187', '0040-5833']
DOI: https://doi.org/10.1007/s11238-021-09844-x