A Representation Theorem for Finite Best-Worst Random Utility Models
| Autor: | Colonius, Hans |
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| Rok vydání: | 2020 |
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| Druh dokumentu: | Working Paper |
| Popis: | This paper investigates best-worst choice probabilities (picking the best and the worst alternative from an offered set). It is shown that non-negativity of best-worst Block-Marschak polynomials is necessary and sufficient for the existence of a random utility representation. The representation theorem is obtained by extending proof techniques employed by Falmagne (1978) for a corresponding result on best choices (picking the best alternative from an offered set). |
| Databáze: | arXiv |
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