Ke, Shaowei - In: Theoretical economics : TE ; an open access journal in … 13 (2018) 2, pp. 527-552
We characterize axiomatically a stochastic choice model, the consistent-mistakes model (CMM), that describes an error-prone decision maker's choices. In contrast to random utility models, CMMs generate closed-form choice probability. Under the axioms, we uniquely identify from the choices an...