Alós-Ferrer, Carlos; Fehr, Ernst; Netzer, Nick - In: Journal of Political Economy 129 (2021) 6, pp. 1828-1877
When choice is stochastic, revealed preference analysis often relies on random utility models. However, it is impossible to infer preferenceswithout assumptions on the distribution of utility noise. We show that this difficulty can be overcome by using response time data. A simple condition on...