Likelihood relations and stochastic preferences

We define the concept of a qualitative, non-numerical relative likelihood relation, to capture the intuition that “it is at least as likely that a is preferred to b, as that c is preferred to d.” We provide necessary and sufficient conditions for this concept to be a basis for the numerical concept...

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Bibliographische Detailangaben

Veröffentlicht in:	Journal of mathematical economics 2016-01, Vol.62, p.28-35
Hauptverfasser:	Richter, Marcel K., Wong, Kam-Chau
Format:	Artikel
Sprache:	eng
Schlagworte:	Comparative analysis Dissimilarity Likelihood Non-transitive preference Numerical analysis Probability Qualitative analysis Quaternary relation Stochastic models Stochastic preference
Online-Zugang:	Volltext
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