Independence of irrelevant decisions in stochastic choice
We investigate stochasticity in choice behavior across diverse decisions. Each decision is modeled as a menu of actions with associated outcomes, and a stochastic choice rule assigns probabilities to actions based on the outcome profile. We characterize rules whose predictions are not affected by whether or not additional, irrelevant decisions are included in the model. Our main result is that such rules form the parametric family of mixed-logit rules.
Date: 6 February 2026, 14:15
Venue: Manor Road Building, Manor Road OX1 3UQ
Venue Details: Seminar Room G
Speaker: Omer Tamuz (California Institute of Technology)
Organising department: Department of Economics
Part of: Nuffield Economic Theory Seminar
Booking required?: Not required
Audience: Members of the University only
Editor: Edward Valenzano