2 papers
econ.TH2026
Random Utility with Aggregation
Yuexin Liao, Kota Saito, Alec Sandroni
We study random utility (RU) rationality with aggregation when the underlying alternatives in each aggregate vary across consumers and are unobserved, as is typical for an outside…
econ.TH2025
Random Utility with Unobservable Alternatives
Haruki Kono, Kota Saito, Alec Sandroni
The random utility model, a cornerstone in economics, is axiomatized by Falmagne (1978) and McFadden and Richter (1990) with the assumption that if a menu is observable, the choice…