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Cumulative Discrete Choice

Abstract : We present a discrete choice model in which a consumer's impression of each alternative is based on her memory of past experience with this choice, and is stochastically updated whenever the alternative is chosen. The consumer remembers a cumulative utility index per alternative, and, when an alternative is chosen, the index is updated by the addition of a random variable, interpreted as instantaneous utility. We prove that the frequencies of choice converge, with probability 1, to limit frequencies, which can be computed from the model's parameters.
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Contributor : Antoine Haldemann Connect in order to contact the contributor
Submitted on : Thursday, November 15, 2012 - 12:50:34 PM
Last modification on : Saturday, June 25, 2022 - 10:53:59 AM

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Itzhak Gilboa, Amit Pazgal. Cumulative Discrete Choice. Marketing Letters, Springer Verlag, 2001, vol. 12, n°2, pp. 119-130. ⟨10.1023/A:1011134718403⟩. ⟨hal-00752291⟩



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