Behavioral Foundations of Nested Stochastic Choice and Nested Logit
نویسندگان
چکیده
We provide the first behavioral characterization of nested logit, a foundational and widely applied discrete-choice model, through introduction nonparametric version logit that we call “nested stochastic choice” (NSC). NSC is characterized by single axiom weakens independence irrelevant alternatives on basis revealed similarity to allow for effect. Nested an additional menu-independence axiom. Our axiomatic leads practical, data-driven algorithm identifies true nest structure from choice data. also discuss limitations generalizing studying testable implications cross-nested logit.
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ژورنال
عنوان ژورنال: Journal of Political Economy
سال: 2022
ISSN: ['1537-534X', '0022-3808']
DOI: https://doi.org/10.1086/720399