Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7372732 | Mathematical Social Sciences | 2018 | 5 Pages |
Abstract
We study a modification of the Luce rule for stochastic choice which admits the possibility of zero probabilities. In any given menu, the decision maker uses the Luce rule on a consideration set, potentially a strict subset of the menu. Without imposing any structure on how the consideration sets are formed, we characterize the resulting behavior using a single axiom. Our result offers insight into special cases where consideration sets are formed under various restrictions.
Related Topics
Physical Sciences and Engineering
Mathematics
Applied Mathematics
Authors
Alonso Ahumada, Levent Ãlkü,