Random choice as behavioral optimization

DOI10.3982/ECTA10621MaRDI QIDQ4615893zbMATH OpenOpenAlexFDO

Authors Faruk Gul, Paulo Natenzon, Wolfgang Pesendorfer

Publication date 29 January 2019

Published in Econometrica (Search for Journal in Brave)

Full work available at URL https://doi.org/10.3982/ecta10621

zbMATH Keywords

random utilityLuce ruleattribute ruledynamic random choice

Mathematics Subject Classification ID

Decision theory (91B06) Individual preferences (91B08)

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Cited in

(45)

• A resolution of St. Petersburg paradox
• Selective attribute rules
• Luce arbitrates: stochastic resolution of inner conflicts
• Odds supermodularity and the Luce rule
• Stochastic semi-orders
• Random consideration and choice: a case study of ``default options
• Cautious stochastic choice, optimal stopping and deliberate randomization
• Dynamic random utility
• Dual random utility maximisation
• The perception-adjusted Luce model
• Every random choice rule is backwards-induction rationalizable
• Incomplete risk attitudes and random choice behavior: an elicitation mechanism
• Statistical testing of bounded rationality with applications to the newsvendor model
• A canon of probabilistic rationality
• A model of stochastic choice from lists
• A two-step guessing game
• scientific article; zbMATH DE number 2187394 (Why is no real title available?)
• From local utility to neural networks
• Law of demand and stochastic choice
• Anticipated stochastic choice
• Luce rule with limited consideration
• Random categorization and bounded rationality
• Disentangling strict and weak choice in random expected utility models
• General Luce model
• Satisficing and stochastic choice
• Irresolute choice behavior
• Stochastic choice with limited memory
• Correlated choice
• On path independent stochastic choice
• An active-learning Pareto evolutionary algorithm for parcel locker network design considering accessibility of customers
• Stochastic choice and revealed perturbed utility
• Randomization vs. Selection: How to Choose in the Absence of Preference?
• Consumer equilibrium, random choice and hemi-Bayesian revision rule
• Multiple-switching behavior in choice-list elicitation of risk preference
• An axiomatic foundation of conditional logit
• Perturbed utility and general equilibrium analysis
• Price optimization under the extended nested logit model
• Revealed stochastic choice with attributes
• The Luce model with replicas
• A characterization of the Luce choice rule for an arbitrary collection of menus
• Growing attention
• Hazard rate, stochastic choice and consideration sets
• Regret, responsibility, and randomization: a theory of stochastic choice
• Debreu's choice model
• Menu-dependent stochastic feasibility

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