A choice probability characterization of generalized extreme value models

摘要

A set of necessary and sufficient conditions is established for the representability of choice probabilities by additive random utility models with generalized extreme value (GEV) distributions of utilities. These conditions yield an operational testing procedure for GEV-representability which does not require explicit construction of the underlying distribution of utilities. In addition, this characterization of GEV models reveals a number of their underlying behavioral features.