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Statistical Mechanics of Choice

  • Conference paper
Maximum Entropy and Bayesian Methods

Part of the book series: Fundamental Theories of Physics ((FTPH,volume 79))

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Abstract

We derive an equilibrium distribution for a population of decision makers, such as consumers or voters, in which each member makes choices not known with certainty. It is shown that, when the shares held by available choice alternatives are known, the MaxEnt distribution of the ensemble belongs to the product- form family.

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Author information

Authors and Affiliations

  1. Graduate School of Industrial Administration, Carnegie Mellon University, Schenley Park, Pittsburgh, Pennsylvania, 15213-3890, USA

    Peter S. Faynzilberg

Authors
  1. Peter S. Faynzilberg
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Editor information

Editors and Affiliations

  1. Dynamic Experimentation Division, Los Alamos National Laboratory, Los Alamos, New Mexico, USA

    Kenneth M. Hanson

  2. Theoretical Division, Los Alamos National Laboratory, Los Alamos, New Mexico, USA

    Richard N. Silver

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© 1996 Springer Science+Business Media Dordrecht

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Faynzilberg, P.S. (1996). Statistical Mechanics of Choice. In: Hanson, K.M., Silver, R.N. (eds) Maximum Entropy and Bayesian Methods. Fundamental Theories of Physics, vol 79. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-5430-7_40

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  • DOI: https://doi.org/10.1007/978-94-011-5430-7_40

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-94-010-6284-8

  • Online ISBN: 978-94-011-5430-7

  • eBook Packages: Springer Book Archive

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