Intrinsic Variability in Group and Individual Decision Making
研究了随机偏好模型如何解释管理与个体决策中的偏好内在变异性，为期望效用和中间性偏好两类模型提供了公理化基础，并探讨了弱随机传递性违反的可能性及其对多数投票和实验设计的启示。
The paper examines the random preference model, which can explain inherent variability of preferences in managerial and individual decision making and provides axiomatizations for the utility components of two such models differentiated by the structure of core preferences: expected utility (EU) and betweenness-like preferences. We then examine the possibility of violations of weak stochastic transitivity for these models and for a model with core dual EU preferences. Such violations correspond to the existence of Condorcet cycles, and therefore, the analysis has implications for managerial decision making and for majority rule voting. The paper also investigates implications of its findings for two popular experimental settings. This paper was accepted by James Smith, decision analysis.