Regret, responsibility, and randomization: A theory of stochastic choice
提出一个模型,解释决策者为何偏好随机化选择,因为随机化能减少状态不确定性解决后的责任感和遗憾,并给出该模型公理化的随机选择特征。
I provide a model of deliberate stochastic choice over acts (state-contingent payoffs). In this model, the decision maker finds randomization desirable since it reduces responsibility and regret after the state uncertainty resolves. I provide an axiomatic characterization of stochastic choices compatible with this model. I also discuss the comparative statics and some behavioral implications of the model and outline potential avenues for extending and generalizing the model.