Stochastic orderings in random utility models

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Stochastic orderings in random utility models

TitleStochastic orderings in random utility models
Publication TypeJournal Article
Year of Publication2002
AuthorsJoe, H
JournalMathematical Social Sciences
PaginationPII S0165-4896(02)00018-5
Date PublishedJUL
AbstractFor ranking, partial ranking, top choice and subset choice probabilities, preference orderings are defined that can be used to assess whether one alternative or candidate is preferred to another in aggregate or in a population. For subset choice, the preference orderings are alternative ways of considering a social welfare ordering. When a random utility model is assumed, stochastic ordering conditions on the utility random variables are given so that the preference orderings hold. Real data are used to illustrate the various preference orderings. (C) 2002 Elsevier Science B.V. All rights reserved.