The Structures of Random Utility Models in the Light of the Asymptotic Theory of Extremes

Leonardi G (1982). The Structures of Random Utility Models in the Light of the Asymptotic Theory of Extremes. IIASA Working Paper. IIASA, Laxenburg, Austria: WP-82-091

[img]
Preview
Text
WP-82-091.pdf

Download (974kB) | Preview

Abstract

The paper reconsiders random utility choice models in the light of asymptotic theory of extremes. The theory is introduced and its main general results are outlined. A stochastic extremal search process is then built, which is shown to produce the Logit model as an asymptotic result under very general conditions. Further applications of the new approach are discussed and outlined.

Item Type: Monograph (IIASA Working Paper)
Research Programs: General Research (GEN)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 01:51
Last Modified: 25 Jul 2016 08:49
URI: http://pure.iiasa.ac.at/1925

Actions (login required)

View Item View Item

International Institute for Applied Systems Analysis (IIASA)
Schlossplatz 1, A-2361 Laxenburg, Austria
Phone: (+43 2236) 807 0 Fax:(+43 2236) 71 313