### Abstract

We present an alternative explanation of the logit probabilistic choice from the equal likelihood hypothesis without the Gumbel distribution. The hypothesis is that if the total utility values from combinations of actions are the same, all such combinations of actions are equally likely.

Original language | English |
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Pages (from-to) | 519-522 |

Number of pages | 4 |

Journal | Economics Letters |

Volume | 115 |

Issue number | 3 |

DOIs | |

Publication status | Published - 2012 Jun |

Externally published | Yes |

### Fingerprint

### Keywords

- Equal likelihood hypothesis
- Logit
- Probabilistic choice

### ASJC Scopus subject areas

- Economics and Econometrics
- Finance

### Cite this

**An alternative explanation for the logit form probabilistic choice model from the equal likelihood hypothesis.** / Konno, Tomohiko.

Research output: Contribution to journal › Article

*Economics Letters*, vol. 115, no. 3, pp. 519-522. https://doi.org/10.1016/j.econlet.2011.12.059

}

TY - JOUR

T1 - An alternative explanation for the logit form probabilistic choice model from the equal likelihood hypothesis

AU - Konno, Tomohiko

PY - 2012/6

Y1 - 2012/6

N2 - We present an alternative explanation of the logit probabilistic choice from the equal likelihood hypothesis without the Gumbel distribution. The hypothesis is that if the total utility values from combinations of actions are the same, all such combinations of actions are equally likely.

AB - We present an alternative explanation of the logit probabilistic choice from the equal likelihood hypothesis without the Gumbel distribution. The hypothesis is that if the total utility values from combinations of actions are the same, all such combinations of actions are equally likely.

KW - Equal likelihood hypothesis

KW - Logit

KW - Probabilistic choice

UR - http://www.scopus.com/inward/record.url?scp=84857229111&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84857229111&partnerID=8YFLogxK

U2 - 10.1016/j.econlet.2011.12.059

DO - 10.1016/j.econlet.2011.12.059

M3 - Article

AN - SCOPUS:84857229111

VL - 115

SP - 519

EP - 522

JO - Economics Letters

JF - Economics Letters

SN - 0165-1765

IS - 3

ER -