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Persistent link: https://www.econbiz.de/10009831215
This paper proposes a discrete mixture model which assigns individuals, up to a probability, to either a class of random utility (RU) maximizers or a class of random regret (RR) minimizers, on the basis of their sequence of observed choices. Our proposed model advances the state of the art of...
Persistent link: https://www.econbiz.de/10011043455