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Matthew Ryan
 
''A Strict Stochastic Utility Theorem''
( 2015, Vol. 35 No.4 )
 
 
This note strengthens the sufficiency part of Blavatskyy's (2008) {em Stochastic Utility Theorem} and corrects an error in the necessity part. To do so, we introduce the distinction between a {em stochastic utility representation} and a {em strict stochastic utility representation} for binary choice probabilities.
 
 
Keywords: Stochastic choice, Fechner, Expected utility
JEL:
D8 - Information, Knowledge, and Uncertainty: General
 
Manuscript Received : May 25 2015 Manuscript Accepted : Dec 13 2015

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