Soulsby, E. P.

On Choosing Between Two Probabilistic Choice Sub-models in a Dynamic Multitask Environment

An independent random utility model based on Thurstone's Theory of Comparative Judgment and a constant utility model based on Luce's Choice Axiom are reviewed in detail. Predictions from the two models are shown to be equivalent under certain restrictions on the distribution of the underlying random process. Each model is applied as a stochastic choice submodel in a dynamic, multitask, environment. Resulting choice probabilities are nearly identical, indicating that, despite their conceptual differences, neither model may be preferred over the other based solely on its predictive capability.