Some aspects of random utility, extreme value theory and multinomial logit models

Jonas Andersson and Jan Ubøe ()
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Jan Ubøe: Dept. of Finance and Management Science, Norwegian School of Economics and Business Administration, Postal: NHH , Department of Finance and Management Science, Helleveien 30, N-5045 Bergen, Norway, http://www.nhh.no/Default.aspx?ID=2025

No 2010/1, Discussion Papers from Department of Finance and Management Science, Norwegian School of Economics

Abstract: In this paper we give a survey on some basic ideas related to random utility, extreme value theory and multinomial logit models. These ideas are well known within the field of spatial economics, but do not appear to be common knowledge to researchers in probability theory. The purpose of the paper is to try to bridge this gap.

Keywords: Random utility theory; extreme value theory; multinomial logit models; entropy. (search for similar items in EconPapers)
JEL-codes: C50 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dcm, nep-hpe and nep-upt
Date: 2010-01-15
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