This paper characterizes the logit model with menu dependent variance. The characterization follows from two conditions: independent log-odds and log-odds monotonicity. Independent log-odds says the change to log-odds across different menus is independent of the alternatives used to compare...

Many experimental studies document choice overload where individuals often fail to make a choice as menus increase in size or complexity. However, few models can describe choice overload. This paper proposes and characterizes a simple extension to the Luce rule where alternative values are...

This paper provides nonparametric identification results for a class of latent utility models with additively separable unobservable heterogeneity. These results apply to existing models of discrete choice, bundles, decisions under uncertainty, and matching. Under an independence assumption,...

We provide revealed preference characterizations for choices made under various forms of costly information acquisition. We examine nonseparable, multiplicative, and constrained costly information acquisition. In particular, this allows the possibility of unknown time delay for acquiring...

We investigate deterministic stochastic choice in the standard consumer framework. We present a model of statistical consumer theory where the individual maximizes their utility with respect to a distribution of bundles that is constrained by a statistic of the distribution (e.g. mean...

This paper studies when stochastic choices are consistent with behavior from Bayesian expected utility maximization and information acquisition. This is a limited dataset since other characterization require state-dependent stochastic choice data. The conditions that characterize this behavior...