Comment on "A Model of Probabilistic Choice Satisfying First-Order Stochastic Dominance" by Pavlo Blavatskyy
Comment on "A Model of Probabilistic Choice Satisfying First-Order Stochastic Dominance" by Pavlo Blavatskyy
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DOI:
10.1287/mnsc.2013.1810
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发表时间:
2014-05
期刊:
影响因子:
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通讯作者:
G. Loomes;Inmaculada Rodríguez-Puerta;J. Pinto-Prades
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文献类型:
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作者:
G. Loomes;Inmaculada Rodríguez-Puerta;J. Pinto-Prades
We present examples of existing evidence that lead us to be cautious about claims made in the original paper [Blavatskyy PR 2011 A model of probabilistic choice satisfying first-order stochastic dominance. Management Sci. 573:542--548] that the proposed model provides a better fit to experimental data than do existing models. We raise concerns about the accuracy of this and other assertions and about the adequacy of the comparisons made with alternative models in the existing literature. This paper was accepted by Rakesh Sarin, decision analysis.