Andersson, Jonas; Jörnsten, Kurt O.; Lillestøl, Jostein; … - In: Decision analytics journal 7 (2023), pp. 1-9
In this paper, we discuss discrete choice theory and show how this theory can be used to quantify learning effects in experimental studies. We argue why the ordering quantities in newsvendor experiments should follow a multinomial logit distribution. We provide a robustness analysis to explain...
