3 papers
econ.GN2026
Stochastic Choice with Advertising
Henrik Petri, Kai Wang
We study how advertised products (e.g., Top Picks, Recommended, Featured) affect consumer choice on digital platforms and retail interfaces by extending the Luce (1959) (or multino…
econ.TH2025
The Luce Model, Regularity, and Choice Overload
Daniele Caliari, Henrik Petri
We characterize regularity (Block & Marschak, 1960) within a novel stochastic model: the General Threshold Luce model [GTLM]. We apply our results to study choice overload, identif…
econ.TH2024
Irrational Random Utility Models
Daniele Caliari, Henrik Petri
The Random Utility Model (RUM) is the leading model to represent the aggregate choices of a heterogeneous population of preference maximizers. We show that if (and only if) prefere…