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Persistent link: https://www.econbiz.de/10011696837
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...
Persistent link: https://www.econbiz.de/10013502141
Over the last fifty years, game theory has evolved from a mathematical theory of optimal behaviour in stylized situations ('games') to a general theory of human behaviour, be it actually observed or normatively desirable. Its scope includes both the mathematical modelling and analysis of...
Persistent link: https://www.econbiz.de/10010369423