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It is reasonable to suppose that agent i chooses between the options probabilistically according to some map POi: Ai × ON → [0,1], where POi is the probability that agent i chooses option 1, Ai measures i's inherent preference for option 1, and POi is nondecreasing in Ai.
We performed an overall analysis of the data utilizing a conditional logit model by specifying a random utility model in which the utility function U ki, when respondent k chooses option i, is expressed by {U}_{ki}={V}_{ki}+{varepsilon}_{ki} where V ki specifies an observable discrete element among the utilities and ε ki specifies a non-observable stochastic element.
Let pas = P at = a|st = s) be the choice probability with which the decision system in state s chooses option a.
59 60 The respondents will be asked to choose between two options, A and B. The respondent receives 1 million yen (around US$120000) in a month when he/she chooses option A, while he/she receives a different amount in 13 months when he/she chooses option B. This question consists of nine choices (see table 3).
If the respondent chooses option A, they are willing to exchange remaining lifetime (i.e., 3 years) to avoid living with diabetes and non-severe hypoglycaemia once a month, thereby indicating their utility in this health state is less than 0.9 (=27 years/30 years).
Similar(55)
I chose Option 3. Which would you choose?
You didn't choose option 1, did you?
'Go prove yourself.' And I chose option three".
Our governments seem determined to choose option three.
Nissan wisely chose option two.
The chosen option is of strategic societal interest.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com