Induced families of choice probabilities
Autor: | Gerhard Herden, Andreas Pallack |
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Rok vydání: | 2005 |
Předmět: | |
Zdroj: | Journal of Mathematical Economics. 41:957-973 |
ISSN: | 0304-4068 |
DOI: | 10.1016/j.jmateco.2004.12.006 |
Popis: | Let { P S } S ∈ S be a family of choice probabilities that are caused by compatible latent factors. Then, there should exist an underlying common probability measure that in some degree induces each choice probability P S . The problem of the existence of P will be considered with respect to a general concept of induced probability. In addition, the relevance of this concept for Mathematical Economics and the Social Sciences will be discussed. |
Databáze: | OpenAIRE |
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