This paper provides an experimental test of stochastic choice models of decisions. Models that admit Fechnerian structure are tested through the repeated pairwise choice problems. Results refute the Fechner hypothesis that characterizing the probability of selecting a given prospect increases in how strongly it is preferred to alternative choices. However, the experimental data lend support to characterizing an individual’s binary choice probability as some scalable functions of the von Neumann–Morgenstern utilities in the risky context.

中文翻译：

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随机二元选择模型的实证检验

本文提供了决策的随机选择模型的实验测试。承认费希纳结构的模型通过重复的成对选择问题进行测试。结果反驳了 Fechner 假设，即选择给定前景的概率随着它比其他选择更受欢迎的程度而增加。然而，实验数据支持将个人的二元选择概率表征为风险环境中冯诺依曼-摩根斯坦效用的一些可扩展函数。