Modeling the Choice of Choice Set in Discrete-Choice Random-Utility Models
Modeling the Choice of Choice Set in Discrete-Choice Random-Utility Models
复制标题
对离散选择随机效用模型中的选择集选择进行建模
DOI:
10.1068/a231237
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发表时间:
1991
期刊:
影响因子:
--
通讯作者:
J. Horowitz
中科院分区:
文献类型:
--
作者:
J. Horowitz
In conventional random-utility models, such as the multinomial logit model, it is assumed that a decisionmaker's choice set is independent of his or her preferences conditional on the explanatory variables of the models. However, there are many situations in which the decisionmaker chooses the choice set, thereby making the independence assumption implausible. For example, if information about alternatives is costly, an individual may choose to learn in detail about only a small group of them. This paper is concerned with the modeling of discrete choice with endogenous choice sets. It is assumed that costly information forces the decisionmaker to acquire detailed knowledge of only a small group of alternatives that she or he selects. Models are developed for choice-set generation in this context and for choice conditional on endogenous choice sets.