An axiomatic foundation of conditional logit
This paper considers a decision maker choosing from a set of options when options have multiple real-valued attributes. Assuming DM chooses all options with positive probability, four invariance assumptions are necessary and sufficient for choice probabilities to take McFadden’s conditional logit fo...
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Published in | Economic theory Vol. 72; no. 1; pp. 245 - 261 |
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Main Author | |
Format | Journal Article |
Language | English |
Published |
Berlin, Heidelberg
Springer
01.07.2021
Springer Berlin Heidelberg Springer Nature B.V |
Subjects | |
Online Access | Get full text |
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