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In economics, a random utility model (RUM), also called stochastic utility model, is a mathematical description of the preferences of a person, whose choices are not deterministic, but depend on a random state variable.
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Explore the main themes, entities and connections around Random utility model. Start with the topic map, then use the sections below for research and deeper semantic analysis.
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agent utility model probability distribution choice alternatives random choices set preferences may probabilities rum also person social citation needed given
| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Random utility model | related to Uniqueness | Block | 0.60 | section |
| Random utility model | related to Uniqueness | Marschak | 0.60 | section |
| Random utility model | related to Uniqueness | For | 0.60 | section |
| Random utility model | related to Uniqueness | There | 0.60 | section |
| Random utility model | related to Uniqueness | Some | 0.60 | section |
| Random utility model | related to Uniqueness | Falmagne | 0.60 | section |
| Random utility model | related to Uniqueness | Turansick | 0.60 | section |
These clusters group vocabulary that occurs around closely connected concepts in the source material.
Bridges can reveal useful research angles that are easy to miss in a flat list of related terms.