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Persistent link: https://www.econbiz.de/10011793432
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...
Persistent link: https://www.econbiz.de/10014124656