Structure and Uncertainty in Discrete Choice Models
نویسندگان
چکیده
منابع مشابه
Discrete Choice under Uncertainty
It is not unusual in real-life that one has to choose among nitely many alternatives when the merits of each alternative are not perfectly known. A natural rule is then to choose the alternative which looksbest. We show that a version of the monotone likelihood ratio property is su¢ cient, and also essentially necessary, for this decision rule to be optimal. We also analyze how the precision...
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Discrete choice models are employed (as the name suggests) to explain a discrete choice that an individual makes. For example, such a choice might be whether or not to join the labor force, whether or not to buy a car, whether or not to continue on to graduate school, whether or not to accept a job with a consulting rm, or whether or not to sign up with an internet provider. Later in the cours...
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ژورنال
عنوان ژورنال: Political Analysis
سال: 2003
ISSN: 1047-1987,1476-4989
DOI: 10.1093/pan/mpg020