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Identification of Incomplete Preferences

Luca Rigotti, Arie Beresteanu

arXiv 13 Aug 2021 · Econometrics · 2 citations (OpenAlex)

arXiv:2108.06282 · PDF · DOI · OpenAlex · Extracted main text

Abstract

We provide a sharp identification region for discrete choice models where consumers' preferences are not necessarily complete even if only aggregate choice data is available. Behavior is modeled using an upper and a lower utility for each alternative so that non-comparability can arise. The identification region places intuitive bounds on the probability distribution of upper and lower utilities. We show that the existence of an instrumental variable can be used to reject the hypothesis that the preferences of all consumers are complete. We apply our methods to data from the 2018 mid-term elections in Ohio.

Citation extraction

36
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73
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distinct cited
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appendix boundary found by appendix_command · 93% of the source is main text. Read the extracted text to check this.

Most heavily cited references

The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.

ReferenceIntensityMentionsSectionsMain text
1Manski, C. F (2018) More on Random Utility Models with Bounded Ambiguity1.00073100%
2Bewley, T. F (2002) Knightian Decision Theory: Part I0.92844100%
3Aumann, R. J (1962) Utility Theory without the Completeness Axiom0.92843100%
4Beresteanu, A., I. Molchanov, and F. Molinari (2011) Sharp Identification Regions in Models with Convex Moment Predictions self0.8434375%
5Dubra, J., F. Maccheroni, and E. A. Ok (2004) Expected Utility Theory without the Completeness Axiom0.84333100%
6Echenique, F., L. Pomatto, and J. Vinson (2021) Twofold Conservatism in Choice under Uncertainty, arxiv:2012.14557 [econ.th], arXiv0.84333100%
7Bewley, T. F (1986) Knightian Decision Theory: Part I, Tech0.73732100%
8Fishburn, P. C (1970) Utility Theory For Decision Making0.64422100%
9Llleras, J. S., Y. Masatlioglu, D. Nakajima, and E. Y. Ozbay (2017) When more is less: Limited consideration0.64422100%
10Masatlioglu, Y., D. Nakajima, and E. Y. Ozbay (2012) Revealed Attention0.64422100%

Showing the top 10 of 39 scored citations.