Free Download Stochastic Choice Theory English | 2025 | ISBN: 1009512765 | 221 Pages | PDF | 3 MB Models of stochastic choice are studied in decision theory, discrete choice econometrics, behavioral economics and psychology. Numerous experiments show that perception of stimuli is not deterministic, but stochastic (randomly determined). A growing body of evidence indicates that the same is true of economic choices. Whether trials are separated by days or minutes, the fraction of choice
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