Identities for maximum, minimum, and maxmin random utility models

C-Tier
Journal: Economics Letters
Year: 2017
Volume: 155
Issue: C
Pages: 135-139

Authors (2)

Score contribution per author:

0.505 = (α=2.02 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We generalize Roy’s identity for discrete choice models, focusing on the worst choices. To do so, we derive a relation between the expected minimum utility and the worst choice probabilities for additive random utility models. We extend this relationship to maxmin random utility models, applying this framework to model ambiguity in a discrete choice setting.

Technical Details

RePEc Handle
repec:eee:ecolet:v:155:y:2017:i:c:p:135-139
Journal Field
General
Author Count
2
Added to Database
2026-01-25