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SSRN Electronic Journal
Article . 2021 . Peer-reviewed
Data sources: Crossref
https://dx.doi.org/10.48550/ar...
Article . 2021
License: CC BY NC SA
Data sources: Datacite
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Non-rationalizable Individuals, Stochastic Rationalizability, and Sampling

Authors: Im, Changkuk; Rehbeck, John;

Non-rationalizable Individuals, Stochastic Rationalizability, and Sampling

Abstract

Experimental work regularly finds that individual choices are not deterministically rationalized by well-defined preferences. Nonetheless, recent work shows that data collected from many individuals can be stochastically rationalized by a distribution of well-defined preferences. We study the relationship between deterministic and stochastic rationalizability. We show that a population can be stochastically rationalized even when half of the individuals in the population cannot be deterministically rationalized. We also find the ability to detect individuals who are not deterministically rationalized from population level data can decrease as the number of observations increases.

Keywords

FOS: Economics and business, Economics - Theoretical Economics, Theoretical Economics (econ.TH)

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
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bronze