Header

UZH-Logo

Maintenance Infos

How to Extend a Model of Probabilistic Choice from Binary Choices to Choices among More Than Two Alternatives


Blavatskyy, Pavlo R (2009). How to Extend a Model of Probabilistic Choice from Binary Choices to Choices among More Than Two Alternatives. Working paper series / Institute for Empirical Research in Economics No. 426, University of Zurich.

Abstract

This note presents an algorithm that extends a binary choice model to choice among multiple alternatives. Both neoclassical microeconomic theory and Luce choice model are consistent with the proposed algorithm. The algorithm is compatible withnseveral empirical findings (asymmetric dominance and attraction effects) that cannot be explained within standard models.

Abstract

This note presents an algorithm that extends a binary choice model to choice among multiple alternatives. Both neoclassical microeconomic theory and Luce choice model are consistent with the proposed algorithm. The algorithm is compatible withnseveral empirical findings (asymmetric dominance and attraction effects) that cannot be explained within standard models.

Statistics

Downloads

418 downloads since deposited on 29 Nov 2011
6 downloads since 12 months
Detailed statistics

Additional indexing

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Working Paper Series > Institute for Empirical Research in Economics (former)
Dewey Decimal Classification:330 Economics
Language:English
Date:September 2009
Deposited On:29 Nov 2011 20:09
Last Modified:18 Feb 2018 00:55
Series Name:Working paper series / Institute for Empirical Research in Economics
ISSN:1424-0459
OA Status:Green
Official URL:http://www.econ.uzh.ch/wp.html

Download

Download PDF  'How to Extend a Model of Probabilistic Choice from Binary Choices to Choices among More Than Two Alternatives'.
Preview
Filetype: PDF
Size: 222kB