Cumulative discrete choice

被引:8
作者
Gilboa, I [1 ]
Pazgal, A
机构
[1] Tel Aviv Univ, Eitan Berglas Sch Econ, IL-69978 Tel Aviv, Israel
[2] Washington Univ, John M Olin Sch Business, St Louis, MO 63130 USA
关键词
D O I
10.1023/A:1011134718403
中图分类号
F [经济];
学科分类号
02 ;
摘要
We present a discrete choice model in which a consumer's impression of each alternative is based on her memory of past experience with this choice, and is stochastically updated whenever the alternative is chosen. The consumer remembers a cumulative utility index per alternative, and, when an alternative is chosen, the index is updated by the addition of a random variable, interpreted as instantaneous utility. We prove that the frequencies of choice converge, with probability 1, to limit frequencies, which can be computed from the model's parameters.
引用
收藏
页码:119 / 130
页数:12
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