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Published in 2019 at "Economics Letters"
DOI: 10.1016/j.econlet.2019.03.018
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…
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Keywords:
set model;
consideration set;
random consideration;
computation algorithm ... See more keywords