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Maximum Entropy versus Random Utility Theory in Discrete Choice Models

Maximum Entropy versus Random Utility Theory in Discrete Choice Models. Bob Bordley Adjunct Professor University of Michigan, Ann Arbor rbordley@umich.edu. Independence of Irrelevant Alternatives. If a new product is introduced or if a change is made in existing product i, THEN

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Economics 202: Intermediate Microeconomic Theory

Economics 202: Intermediate Microeconomic Theory. 0. Welcome! 1. Go over class website (syllabus, requirements, etc.) Take attendance and go over attendance policy

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275 views • 13 slides

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