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

Tomohiko Konno

研究成果: Article

抜粋

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.

元の言語English
ページ(範囲)519-522
ページ数4
ジャーナルEconomics Letters
115
発行部数3
DOI
出版物ステータスPublished - 2012 6
外部発表Yes

ASJC Scopus subject areas

  • Economics and Econometrics
  • Finance

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