Abstract:
We demonstrate some easy LaTeX-to-HTML conversion using Hevea
1 Introduction
Let an individual i have a choice set of size K, and let i's choices
be discrete. The conditional indirect utility that i achieves if kÎ K
is selected is
vik=Xikb +e ik
where Xik is an n-vector of attributes of choice k as
perceived by indvidiual i, b is an n-element weighting vector,
and e ik is a random variable. The individual chooses that
alternative m whose conditional indirect utility is greatest (ie,
maximizes utility). If the e ik are independent, identically
distributed Type-1-Extreme-Value variates, then we have the alternative-m
choice probability Pim given by