Kavli Affiliate: David Muller | First 5 Authors: David Müller, Emerson Melo, Ruben Schlotter, , | Summary: This paper introduces the distributionally robust random utility model (DRO-RUM), which allows the preference shock (unobserved heterogeneity) distribution to be misspecified or unknown. We make three contributions using tools from the literature on robust optimization. First, by exploiting […]
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