A technical note on finite best-worst random utility model representations
Optimization and Control
2024-09-17 v2
Abstract
This paper investigates the random utility representation of best-worst choice probabilities (picking the best and the worst alternative from an offered set). Doignon (2023) presented a complete characterization of the best-worst-choice polytope on four alternatives. Moreover, using polytope methods he showed that the Block-Marschak inequalities for best-worst choices are not sufficient for a random utility representation of best-worst choices for sets of four or more alternatives. Following the approach of Falmagne (1978), we construct a probability measure on the set of rankings for a set of four alternatives implying a random utility representation.
Cite
@article{arxiv.2408.08165,
title = {A technical note on finite best-worst random utility model representations},
author = {Hans Colonius},
journal= {arXiv preprint arXiv:2408.08165},
year = {2024}
}
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12 pages