Every random choice rule is backwards-induction rationalizable

• 成果类型: Article
• 署名作者: Li, Jiangtao; Tang, Rui
• 署名单位: University of New South Wales Sydney; National University of Singapore
• 刊物名称: GAMES AND ECONOMIC BEHAVIOR
• ISSN/ISSBN: 0899-8256
• DOI: 10.1016/j.geb.2017.06.003
• 发表日期: 2017
• 页码: 563-567
• 关键词: Revealed preference; Backwards-induction; rationalizability; random choice; Stochastic preference

摘要

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. (C) 2017 Elsevier Inc. All rights reserved.