5 papers · 1 filter
Interpersonally Comparable Utility
Peter Caradonna, Zachary Raines
We develop a theory of measurement scales for utility functions, based on a generalization of the notion of numeraire commodity. Every sufficiently well-behaved utility is denomina…
Identification in Stochastic Choice
Peter Caradonna, Christopher Turansick
We characterize the identified sets of a wide range of stochastic choice models, including random utility, various models of boundedly-rational behavior, and dynamic discrete choic…
Identifying Restrictions on the Random Utility Model
Peter P. Caradonna, Christopher Turansick
We characterize those ex-ante restrictions on the random utility model which lead to identification. We first identify a simple class of perturbations which transfer mass from a su…
Revealed Invariant Preference
Peter Caradonna, Christopher P. Chambers
We consider the problem of rationalizing choice data by a preference satisfying an arbitrary collection of invariance axioms. Examples of such axioms include quasilinearity, homoth…
A Note on Invariant Extensions of Preorders
Peter Caradonna, Christopher P. Chambers
We consider the problem of extending an acyclic binary relation that is invariant under a given family of transformations into an invariant preference. We show that when a family o…