Category oriented Luce rule

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1098-6856-2-PB.pdf

Date

2020-6

Author

Doğan, Serhat
Yıldız, Kemal

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We propose a new random choice model that extends the Luce rule such that the agents first categorize, and then choose by using category contingent Luce weights. In our analysis, we show that the category-oriented Luce rules are the only random choice functions (RCFs) that satisfy weak regularity and weak odds supermodularity.

Subject Keywords

Random choice, Luce rule, Supermodularity, Zero probability choices

URI

http://www2.feas.metu.edu.tr/metusd/ojs/index.php/metusd/article/view/1098
https://hdl.handle.net/11511/58104

Journal

ODTÜ Gelişme Dergisi

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Department of Economics, Article

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Citation Formats

S. Doğan and K. Yıldız, “Category oriented Luce rule,” ODTÜ Gelişme Dergisi, vol. 47, no. 1, pp. 29–37, 2020, Accessed: 00, 2020. [Online]. Available: http://www2.feas.metu.edu.tr/metusd/ojs/index.php/metusd/article/view/1098.