The RUM Paradox

This paper establishes the following: Random Utility Models (RUMs) that assume consistent preferences result in inconsistent and therefore irrational choice behavior. Paradoxically, it is possible to create RUMs that result in consistent choice behavior, but these models assume inconsistent preferences

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Year of publication:	[2010]
Authors:	Steenburgh, Thomas J.
Publisher:	[2010]: [S.l.] : SSRN
Description of contents:	Abstract [papers.ssrn.com]

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 30, 2009 erstellt Volltext nicht verfügbar
Classification:	C1 - Econometric and Statistical Methods: General ; C11 - Bayesian Analysis ; C21 - Cross-Sectional Models; Spatial Models ; C25 - Discrete Regression and Qualitative Choice Models ; C35 - Discrete Regression and Qualitative Choice Models ; C52 - Model Evaluation and Testing ; D12 - Consumer Economics: Empirical Analysis ; M31 - Marketing
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012757640