Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5060629 | Economics Letters | 2012 | 4 Pages |
Abstract
⺠The logit function is derived without assuming Gumbel extreme random terms. ⺠It is derived from the following equal likelihood hypothesis. ⺠If the total utility values from combinations of actions are the same, such combinations are equally likely.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Tomohiko Konno,