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Seminarios académicos y conferencias

Jose Heleno Faro (Insper)

"The Luce Model with Replicas"

14 agosto 2018 - 17:00 hrs.

Sala 209, Facultad de Ciencias Económicas y Administrativas UC

Abstract: We propose the notion of replicas in the context of discrete choices and introduce axioms that support what we call the Luce model with replicas. This is a parsimonious generalization of the Luce’s model consistent with the well-known violation of the constant-ratio rule due to Debreu (1960).