Ordered Probabilistic Choice

Christopher Chambers, Yusufcan Masatlioglu and Kemal Yildiz

Papers from arXiv.org

Abstract: We introduce a novel perspective by linking ordered probabilistic choice to copula theory, a mathematical framework for modeling dependencies in multivariate distributions. Each representation of ordered probabilistic choice behavior can be associated with a copula, enabling the analysis of representations through established results from copula theory. We provide functional forms to describe the "extremal" representations of an ordered probabilistic choice behavior and their distinctive structural properties. The resulting functional forms act as an "identification method" that uniquely generates heterogeneous choice types and their weights. These results provide valuable tools for analysts to identify micro-level behavioral heterogeneity from macro-level observable data.

Date: 2025-04
References: Add references at CitEc
Citations:

Downloads: (external link)
http://arxiv.org/pdf/2504.01227 Latest version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2504.01227

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().