ABSTRACT
Other models of choice behavior, called
stochastic m odels, do not predict the actual choices of a subject from each given set of available actions but rather they make statements about the ‘probabilities that the scientist might assign to the various actions being chosen by the subject. It is assumed that these probabilities do not change dur ing the time period under consideration, thus precluding learning or any systematic change of behavior. Relations between these probabilities of choice and the ex pected utilities described above are postu lated.
