{"product_id":"stochastic-choice-theory-hardback-9781009512763","title":"Stochastic Choice Theory (Hardback) 9781009512763","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eStochastic Choice Theory\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eModels of stochastic choice, such as logit and random utility have a unified structure. Decision theory can explore it.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eTomasz Strzalecki (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781009512763, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 23 January 2025\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e220 pages\u003cbr\u003e23.6 x 16.1 x 1.6 cm, 0.46 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eModels of stochastic choice are studied in decision theory, discrete choice econometrics, behavioral economics and psychology. Numerous experiments show that perception of stimuli is not deterministic, but stochastic (randomly determined). A growing body of evidence indicates that the same is true of economic choices. Whether trials are separated by days or minutes, the fraction of choice reversals is substantial. Stochastic Choice Theory offers a systematic introduction to these models, unifying insights from various fields. It explores mathematical models of stochastic choice, which have a variety of applications in game theory, industrial organization, labor economics, marketing, and experimental economics. Offering a systematic introduction to the field, this book builds up from scratch without any prior knowledge requirements and surveys recent developments, bringing readers to the frontier of research.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePart I. Static Choice: 1. Random Utility\u003cbr\u003e 2. Basic Properties\u003cbr\u003e 3. More Models and Properties\u003cbr\u003e Part II. Risk and Learning: 4. Risk\u003cbr\u003e 5. Passive Learning\u003cbr\u003e 6. Active Learning\u003cbr\u003e Part III. Dynamic Choice: 7. Dynamic Choice\u003cbr\u003e 8. Dynamic Optimality\u003cbr\u003e 9. Response Times\u003cbr\u003e Part IV. Discrete Choice: 10. Discrete Choice\u003cbr\u003e 11. Random Consideration\u003cbr\u003e 12. Dynamic Discrete Choice\u003cbr\u003e Part V. Appendices: Appendix A. Additional Material and Proof Sketches\u003cbr\u003e Appendix B. Bibliography\u003cbr\u003e Appendix N. Notation.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Econometrics [\u003ca title=\"See our other books on Econometrics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Econometrics%20%5BKCH%5D%22\"\u003eKCH\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Brand New","offer_id":52415625462040,"sku":"9781009512763","price":97.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781009512763i.jpg?v=1784419318","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/stochastic-choice-theory-hardback-9781009512763","provider":"Freshly Printed Books","version":"1.0","type":"link"}