Monotone stochastic choice models: The case of risk and time preferences
Suppose that, when evaluating two alternatives x and y by means of a parametric utility function, low values of the parameter indicate a preference for x and high values indicate a preference for y. We say that a stochastic choice model is monotone whenever the probability of choosing x is decreasin...
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| Format: | Journal article |
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University of Chicago Press
2018
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