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Abstract This paper proposes a fast and reliable computation algorithm for the random consideration set model. A simple and numerically tractable representation of the model is developed to reduce the… Click to show full abstract
Abstract This paper proposes a fast and reliable computation algorithm for the random consideration set model. A simple and numerically tractable representation of the model is developed to reduce the computational burden. I show that the new algorithm outperforms existing methods in terms of accuracy and speed.
Keywords:
set model;
consideration set;
random consideration;
computation algorithm;
algorithm;
algorithm random
Journal Title: Economics Letters
Year Published: 2019
Link to full text (if available)
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Journal Title: Economics Letters
Year Published: 2019
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!