返回
RANDOM CHOICE AS BEHAVIORAL OPTIMIZATION
DOI:10.3982/ECTA10621.png)
摘要
En 中文
We develop an extension of Luce's random choice model to study violations of the weak axiom of revealed preference. We introduce the notion of a stochastic preference and show that it implies the Luce model. Then, to address well-known difficulties of the Luce model, we define the attribute rule and establish that the existence of a well-defined stochastic preference over attributes characterizes it. We prove that the set of attribute rules and random utility maximizers are essentially the same. Finally, we show that both the Luce and attribute rules have a unique consistent extension to dynamic problems.vskip=-17.5pt]Author: please provide at least three Key Words that describe the article.
Keyword:
Luce rule
attribute rule
random utility
dynamic random choice
AI总结
对已上传原文的论文进行重点信息的提取,主要内容包括:简要概述、研究摘要、背景介绍、关键亮点、图文解析、展望与总结。
期刊
IF:
7.1
论文数:
3.0K
被引数:
4.3W
机构
引用论文
暂无论文信息

