Browsing Faculté des arts et des sciences – Département de sciences économiques by Subject "Strict utility model"
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Threshold Luce rules
(Université de Montréal. Département de sciences économiques., 2018-11)In the late 1950’s, Luce proposed two different theories of imperfect utility discrimination that have had a lasting impact on economics. One model (1956) gave rise to the literature on just noticeable differences while the other (1959) laid the ...