Browsing by Subject "Luce rule"

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Open Access
Odds supermodularity and the Luce rule
(Academic Press, 2021-03) Doğan, Serhat; Yıldız, Kemal
We present a characterization of the Luce rule in terms of positivity and a new choice axiom called odds supermodularity that strengthens the regularity axiom. This new characterization illuminates a connection that goes unnoticed, and sheds light on the behavioral underpinnings of the Luce rule and its extensions from a different perspective. We show that odds supermodularity per se characterizes a structured extension of the Luce rule that accommodates zero probability choices. We identify the random choice model characterized via a stochastic counterpart of Plott (1973)'s path independence axiom, which strengthens odds supermodularity.
Open Access
Two essays in choice theory
(2021-07) Hoxha, Klajdi
The thesis is divided into two chapters. The first chapter studies the responsive random choice procedure. There, we show that a weakened version of Luce’s IIA is sufficient to characterize the General Luce Rule (GLR) considered in Echenique and Saito (2019) and Ahumada and Ülkü (2018), with the restriction that all elements from menus of size three are chosen with positive probability. We analyze a special form of the GLR called Responsive Luce Rule (RLR). We characterize Responsive Luce Rules by using stochastic counterparts of the axioms in Chambers and Yenmez (2018) and Eliaz et al. (2011). In the second chapter, we analyze path independent choice rules by looking at choice sets that block an alternative from being chosen. We show that these blocking set collections carry the minimal information needed to represent the choices and are in one-to-one relation with path independent choice rules. In addition, we show that the notion of blocking is a useful tool to minimally represent and characterize certain classes of path independent choice rules.