We develop an axiomatic model that builds on Luce's (1959) model to incorporate a role for perception. We identify agents' "perception priorities" from their violations of Luce's axiom of independence from irrelevant alternatives. Using such perception priorities, we adjust choice probabilities to account for the effects of perception. Our axiomatization requires that the agents' adjusted random choice conforms to Luce's model. Our model can explain the attraction, compromise, and similarity effects, which are very well-documented behavioral phenomena in individual choice
Luce’s Choice Axiom (hereafter LCA) is a quantitative hypothesis about choice behavior first propose...
Accepted author manuscript /Post-print (after peer review) This is the author’s version of a work t...
We prove that a random choice rule satisfies Luce's Choice Axiom if and only if its support is a cho...
We develop an axiomatic model that builds on Luce's (1959) model to incorporate a role for perceptio...
We develop an axiomatic model that builds on Luce's (1959) model to incorporate a role for perceptio...
We develop an axiomatic theory of random choice that builds on Luce’s (1959) model to incorporate a ...
We develop an axiomatic model that builds on Luce’s (1959) model to incorporate a role for perceptio...
We develop an axiomatic theory of random choice that builds on Luce’s (1959) model to incorporate a ...
We develop an axiomatic theory of random choice that builds on Luce’s (1959) model to incorporate a ...
We extend the Luce model of discrete choice theory to satisfactorily handle zero-probability choices...
We extend the Luce model of discrete choice theory to satisfactorily handle zero-probability choices...
We extend the Luce model of discrete choice theory to satisfactorily handle zero-probability choices...
We model a boundedly rational agent who suffers from limited attention. The agent considers each fea...
We model a boundedly rational agent who suffers from limited attention. The agent considers each fea...
Luce’s Choice Axiom (hereafter LCA) is a quantitative hypothesis about choice behavior first propose...
Luce’s Choice Axiom (hereafter LCA) is a quantitative hypothesis about choice behavior first propose...
Accepted author manuscript /Post-print (after peer review) This is the author’s version of a work t...
We prove that a random choice rule satisfies Luce's Choice Axiom if and only if its support is a cho...
We develop an axiomatic model that builds on Luce's (1959) model to incorporate a role for perceptio...
We develop an axiomatic model that builds on Luce's (1959) model to incorporate a role for perceptio...
We develop an axiomatic theory of random choice that builds on Luce’s (1959) model to incorporate a ...
We develop an axiomatic model that builds on Luce’s (1959) model to incorporate a role for perceptio...
We develop an axiomatic theory of random choice that builds on Luce’s (1959) model to incorporate a ...
We develop an axiomatic theory of random choice that builds on Luce’s (1959) model to incorporate a ...
We extend the Luce model of discrete choice theory to satisfactorily handle zero-probability choices...
We extend the Luce model of discrete choice theory to satisfactorily handle zero-probability choices...
We extend the Luce model of discrete choice theory to satisfactorily handle zero-probability choices...
We model a boundedly rational agent who suffers from limited attention. The agent considers each fea...
We model a boundedly rational agent who suffers from limited attention. The agent considers each fea...
Luce’s Choice Axiom (hereafter LCA) is a quantitative hypothesis about choice behavior first propose...
Luce’s Choice Axiom (hereafter LCA) is a quantitative hypothesis about choice behavior first propose...
Accepted author manuscript /Post-print (after peer review) This is the author’s version of a work t...
We prove that a random choice rule satisfies Luce's Choice Axiom if and only if its support is a cho...