Question: The logistic function describes the ways in which consumers make choices. Which of the following statements about logistic functions is false? A. The logistic function

The logistic function describes the ways in which
The logistic function describes the ways in which consumers make choices. Which of the following statements about logistic functions is false? A. The logistic function takes the form of the exponent of the value function over 1 plus the exponent of the value function B. The distribution of the logistic function is an upward sloping linear line OC. The predictions from the logistic function are bound between 0 and 1 D. Both a & care false

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