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Random Choice over a Continuous Set of Options

Random choice theory has traditionally modeled choices over a -nite number of options. This thesis generalizes the literature by studyingthe limiting behavior of choice models as the number of optionsapproach a continuum.The thesis uses the theory of random elds, extreme value theoryand point processes to calculate this limiting behavior. For a numberof distributional assumptions, we can give analytic expressions forthe limiting probability distribution of the characteristics of the bestchoice. In addition, we also outline a straightforward extension to ourtheory which would signicantly relax the distributional assumptionsneeded to derive analytical results.Some examples from commuting research are discussed to illustratepotential applications of the theory.

Identiferoai:union.ndltd.org:UPSALLA1/oai:DiVA.org:su-89917
Date January 2013
CreatorsMalmberg, Hannes
PublisherMatematiska institutionen, Stockholm : Department of Mathematics, Stockholm University
Source SetsDiVA Archive at Upsalla University
LanguageEnglish
Detected LanguageEnglish
TypeLicentiate thesis, comprehensive summary, info:eu-repo/semantics/masterThesis, text
Formatapplication/pdf
Rightsinfo:eu-repo/semantics/openAccess

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