Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10009632887
The logit function is frequently used in the probabilistic choice problem. The justification is usually provided in a manner that actual utility consists of observed utility and Gumbel random term; the probability then becomes logit. In this paper, we present an alternative explanation of the...
Persistent link: https://www.econbiz.de/10013108533
Persistent link: https://www.econbiz.de/10012253434
Persistent link: https://www.econbiz.de/10011999865