Games and Economic Behavior ( IF 1.0 ) Pub Date : 2021-02-03 , DOI: 10.1016/j.geb.2021.01.008 Serhat Doğan , Kemal Yıldız
We present a characterization of the Luce rule in terms of positivity and a new choice axiom called odds supermodularity that strengthens the regularity axiom. This new characterization illuminates a connection that goes unnoticed, and sheds light on the behavioral underpinnings of the Luce rule and its extensions from a different perspective. We show that odds supermodularity per se characterizes a structured extension of the Luce rule that accommodates zero probability choices. We identify the random choice model characterized via a stochastic counterpart of Plott (1973)'s path independence axiom, which strengthens odds supermodularity.
中文翻译:
奇数超模和卢斯法则
我们从积极性和新的选择公理(称为赔率超模量)方面描述了Luce规则的特征,该公理加强了规则性公理。这种新的特征阐明了一个未被注意到的联系,并从不同的角度阐明了卢斯规则及其扩展的行为基础。我们表明,奇数超模数本身代表了适应零概率选择的Luce规则的结构化扩展。我们确定了随机选择模型,该模型的特征是Plott(1973)的路径独立性公理的随机对应物,该模型增强了赔率超模数。