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Showing 1 to 1 of 1 for “"Alternative-Dependent Focal Luce Model"”.
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Essays in Economic Theory
In this study, I introduce the alternative-dependent focal Luce model (ADFLM), a random choice model generalizing the well-known Luce model (1959). In the ADFLM, focal alternatives are chosen more frequently relative to their utilities. I identify utilities, focal sets, and the magnitude of focal …