| 000 -LEADER |
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| fixed length control field |
01265nam a22001577a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
210710b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
McCausland, William J. et al |
| 245 ## - TITLE STATEMENT |
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| Title |
Testing the random utility hypothesis directly |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
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| Place of publication, distribution, etc |
The Economic Journal: A Journal of the Royal Economic Society |
| 300 ## - PHYSICAL DESCRIPTION |
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| Extent |
130(625), Jan, 2020: p.183-207 |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc |
We test a set of inequalities in choice probabilities, shown to be necessary and sufficient for random utility by Falmagne (1978). We run an experiment in which each of 141 participants chooses six times from each doubleton or larger subset of a universe of five lotteries. We compute Bayes factors in favour of random utility, versus an alternative with unrestricted choice probabilities. There is strong evidence that a large majority of participants satisfy random utility; however, there is strong evidence against random utility for four participants. Results are fairly robust to the choice of prior. – Reproduced |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name as entry element |
Bayesian Analysis, Hypothesis Testing, Laboratory, Individual Behavior, Microeconomic Behavior: Underlying Principles |
| 9 (RLIN) |
26465 |
| 773 ## - HOST ITEM ENTRY |
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| Main entry heading |
The Economic Journal: A Journal of the Royal Economic Society |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) |
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| Subject DIP |
HYPOTHESIS TESTING |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
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| Item type |
Articles |
