Alternative theoretical frameworks for the interpretation of random utility models

Arcangeli EF, Leonardi G, & Reggiani A (1985). Alternative theoretical frameworks for the interpretation of random utility models. Papers in Regional Science: 7-20. DOI:10.1111/j.1435-5597.1985.tb00911.x.

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Abstract

Orthodox demand theory has received greater flexibility and adaptability to different choice situations from the broad family of Additive Random Utility Models. But this development leaves the major open issues in demand analysis till unresolved. In this contribution special attention is given to alternative theoretical frameworks for the interpretation of Random Utility Models. The analysis conducted opens the way for further developments and, in conclusion, a first outline of a stochastic model, where choice probabilities can be interpreted as function of some 'observed attractiveness' in the theoretical framework of bounded rationality, is presented.

Item Type: Article
Research Programs: Regional Issues Program (RUD)
Bibliographic Reference: Papers in Regional Science; 5391):7-20 [January 1985] (Published online 14 January 2005)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 01:55
Last Modified: 24 Feb 2016 16:35
URI: http://pure.iiasa.ac.at/2583

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