A note on the independence of irrelevant alternatives in probabilistic choice models

Paul A. Bjorn, Quang H. Vuong

    Research output: Contribution to journalArticlepeer-review

    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 languageEnglish (US)
    Pages (from-to)305-307
    Number of pages3
    JournalEconomics Letters
    Volume18
    Issue number4
    DOIs
    StatePublished - 1985

    ASJC Scopus subject areas

    • Finance
    • Economics and Econometrics

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