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Luce model
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Ahn, David S.
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Indifference, indecisiveness, experimentation and stochastic choice
Ok, Efe A.
;
Tserenjigmid, Gerelt
- In:
Theoretical Economics
17
(
2022
)
2
,
pp. 651-686
Among the reasons behind the choice behavior of an individual taking a stochastic form are her potential indifference or indecisiveness between certain alternatives, and/or her willingness to experiment in the sense of occasionally deviating from choosing a best alternative in order to give a...
Persistent link: https://www.econbiz.de/10014536935
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On path independent stochastic choice
Ahn, David S.
;
Echenique, Federico
;
Saito, Kota
- In:
Theoretical Economics
13
(
2018
)
1
,
pp. 61-85
, focusing attention on the popular
Luce
model
. Choice is pathindependent if it is recursive,in the sense that choosing from a …
Persistent link: https://www.econbiz.de/10012010020
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