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Found 13 papers, 0 papers with code
The Limits of Identification in Discrete Choice
We study identification and linear independence in random utility models.
Success functions in large contests
We consider contests with a large set (continuum) of participants and axiomatize contest success functions that arise when performance is composed of both effort and a random element, and when winners are those whose performance exceeds a cutoff determined by a market clearing condition.
Coherent Distorted Beliefs
We show that distortion coherence restricts belief distortions to have a particular function form: power-weighted distortions, where distorted beliefs are proportional to the original beliefs raised to a power and weighted by a state-specific value.
Linearity of Aggregate Production Functions
We prove that when individual firms employ constant-returns-to-scale production functions, the aggregate production function defined by the maximum achievable total output given total inputs is always linear on some part of the domain.
A duality between utility transforms and probability distortions
In this paper, we establish a mathematical duality between utility transforms and probability distortions.
Non-diversified portfolios with subjective expected utility
Although diversification is the typical strategy followed by risk-averse investors, non-diversified positions that allocate all resources to a single asset, state of the world or revenue stream are common too.
A Note on Invariant Extensions of Preorders
We consider the problem of extending an acyclic binary relation that is invariant under a given family of transformations into an invariant preference.
Recovering utility
We provide sufficient conditions under which a utility function may be recovered from a finite choice experiment.
Haves and Have-Nots: A Theory of Economic Sufficientarianism
In ranking allocations of goods for a fixed society of agents, sufficientarianism posits that allocations are compared according to the number of individuals whose consumption is deemed sufficient.
Correlated Choice
We study random joint choice rules, allowing for interdependence of choice across agents.
Decreasing Impatience
We characterize decreasing impatience, a common behavioral phenomenon in intertemporal choice.
Recovering Preferences from Finite Data
We study preferences estimated from finite choice experiments and provide sufficient conditions for convergence to a unique underlying "true" preference.
