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Contribution Details
| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | How to Extend a Model of Probabilistic Choice from Binary Choices to Choices among More Than Two Alternatives |
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| Institution | University of Zurich |
| Series Name | Working paper series / Institute for Empirical Research in Economics |
| Number | No. 426 |
| ISSN | 1424-0459 |
| Date | 2009 |
| Abstract Text | This note presents an algorithm that extends a binary choice model to choice among multiple alternatives. Both neoclassical microeconomic theory and Luce choice model are consistent with the proposed algorithm. The algorithm is compatible withnseveral empirical findings (asymmetric dominance and attraction effects) that cannot be explained within standard models. |
| Official URL | http://www.econ.uzh.ch/wp.html |
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