
arXiv: 2103.05084
handle: 10419/320261 , 11565/4066157
We study random joint choice rules, allowing for interdependence of choice across agents. These capture random choice by multiple agents, or a single agent across goods or time periods. Our interest is in separable choice rules, where each agent can be thought of as acting independently of the other. A random joint choice rule satisfies marginality if for every individual choice set, we can determine the individual's choice probabilities over alternatives independently of the other individual's choice set. We offer two characterizations of random joint choice rules satisfying marginality in terms of separable choice rules. While marginality is a necessary condition for separability, we show that it fails to be sufficient. We provide an additional condition on the marginal choice rules which, along with marginality, is sufficient for separability.
ddc:330, dynamic choice, Random utility, Decision theory, Correlation, FOS: Economics and business, Stochastic choice, random utility, correlation, D91, Economics - Theoretical Economics, D01, stochastic choice, Theoretical Economics (econ.TH), RANDOM UTILITY, CORRELATION, STOCHASTIC CHOICE, DYNAMIC CHOICE, Dynamic choice
ddc:330, dynamic choice, Random utility, Decision theory, Correlation, FOS: Economics and business, Stochastic choice, random utility, correlation, D91, Economics - Theoretical Economics, D01, stochastic choice, Theoretical Economics (econ.TH), RANDOM UTILITY, CORRELATION, STOCHASTIC CHOICE, DYNAMIC CHOICE, Dynamic choice
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