This book argues that cost minimizing behavior pertains if the likelihood of any independent sample of observations is a decreasing function of the average cost of the sample. That new approach provides a deeper understanding of choice probability models.

This book argues that cost minimizing behavior pertains if the likelihood of any independent sample of observations is a decreasing function of the average cost of the sample. That new approach provides a deeper understanding of choice probability models.

This book argues that cost minimizing behavior pertains if the likelihood of any independent sample of observations is a decreasing function of the average cost of the sample. That new approach provides a deeper understanding of choice probability models.