Consistent estimation in logit models using historical choices as practical consideration set
以历史选择作为实际考虑集的 Logit 模型一致估计
A key challenge in choice modeling lies in specifying the consideration set, the subset of alternatives that individuals actually evaluate when making choices, which is unobserved (latent) to the researcher. The classical homo economicus assumption posits that individuals assess the full universal set of alternatives, a behaviorally implausible premise. Practical options include directly asking individuals, which introduces behavioral biases; treating the consideration set…