Extensions - Supplement to Random Expected Utility
Faruk Gul, Wolfgang Pesendorfer
Description: In this supplement to Gul and Pesendorfer (2005), we extend the analysis of that paper to non-regular random utility functions. We also provide examples that demonstrate the independence of the assumptions in Gul and Pesendorfer (2005) and provide a detailed discussion of the related literature. Specifically, we relate our results to the work of McFadden and Richter (1971), Clark (1995) and Falmagne (1978).
