Abstract
The purpose of this note is to show that there is no necessary relationship between the independence of irrelevant alternatives (IIA) property and stochastic independence of the errors in probabilistic choice models.
Original language | English (US) |
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Pages (from-to) | 305-307 |
Number of pages | 3 |
Journal | Economics Letters |
Volume | 18 |
Issue number | 4 |
DOIs | |
State | Published - 1985 |
ASJC Scopus subject areas
- Finance
- Economics and Econometrics