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What does RUM stand for?

RUM stands for Random Utility Model (economics)

This definition appears very frequently and is found in the following Acronym Finder categories:

  • Science, medicine, engineering, etc.
  • Business, finance, etc.

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Other Resources:
We have 38 other meanings of RUM in our Acronym Attic

Samples in periodicals archive:

The topics include the structure of random utility models, applied welfare economics with discrete choice models, the compatibility of nested logit models with utility maximization, forecasting new product penetration with flexible substitution patterns, and an econometric analysis of residential electric appliance holdings and consumption.