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Risk, uncertainty and discrete choice models [PDF]
Marketing Letters, 2008 This paper examines the cross-fertilizations of random utility models with the study of decision making under risk and uncertainty. We start with a description of the expected utility (EU) theory and then consider deviations from the standard EU frameworks, involving the Allais paradox and the Ellsberg paradox, inter alia.
Ben-Akiva, Moshe +10 more
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Discrete Choice with Social Interactions
The Review of Economic Studies, 2001zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Durlauf, S.N., Brock, W.A.
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1998
Discrete choice models have played an important role in transportation modeling for the last 25 years. They are namely used to provide a detailed representation of the complex aspects of transportation demand, based on strong theoretical justifications.
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Discrete choice models have played an important role in transportation modeling for the last 25 years. They are namely used to provide a detailed representation of the complex aspects of transportation demand, based on strong theoretical justifications.
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Clustering Discrete Choice Data
2010When clustering discrete choice (e.g. customers by products) data, we may be interested in partitioning individuals in disjoint classes which are homogeneous with respect to product choices and, given the availability of individual- or outcome-specific covariates, in investigating on how these affect the likelihood to be in certain categories (i.e.
VICARI, Donatella, ALFO', Marco
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Discrete Choice and Variable Returns to Scale
International Economic Review, 1981In previous studies of the probabilistic theory of qualitative choice (e.g., Marschak [1960] and McFadden [1974]), it has been assumed that an individual chooses among various alternatives with their utility levels independent of the number of individuals who choose each alternative.
Miyao, Takahiro, Shapiro, Perry
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1987
These are those statistical models which specify the probability distribution of discrete dependent variables as a function of independent variables and unknown parameters. They are sometimes called qualitative response models, and are relevant in economics because the decision of an economic unit frequently involves discrete choice: for example, the ...
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These are those statistical models which specify the probability distribution of discrete dependent variables as a function of independent variables and unknown parameters. They are sometimes called qualitative response models, and are relevant in economics because the decision of an economic unit frequently involves discrete choice: for example, the ...
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Discrete choice with large choice sets
Economics Letters, 2013Abstract Modeling product demand with discrete choice models requires specifying how all competing products rate on various attributes, which becomes difficult when the choice set is large. As a result, this paper approximates the ratings for the various product offerings with a parameterized distribution.
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Discrete choice models and valuation experiments
Journal of Economic Studies, 2003This paper presents the results of a choice experiment carried out from August to October 2000 on the visitors of the Galleria Borghese Museum, a worldwide known heritage site located in Rome. The main objective of this work is to study the relevancy of choice experiment techniques as a tool aimed at measuring economic values and assessing user ...
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2008
The choice experiment elicitation format confronts survey respondents with repeated choice tasks. Particularly within the context of valuing pure public goods, this repetition raises two issues. First, does advanced awareness of multiple tasks influence stated preferences from the outset, and second, even in the absence of such awareness, does the ...
Bateman, Ian J. +7 more
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The choice experiment elicitation format confronts survey respondents with repeated choice tasks. Particularly within the context of valuing pure public goods, this repetition raises two issues. First, does advanced awareness of multiple tasks influence stated preferences from the outset, and second, even in the absence of such awareness, does the ...
Bateman, Ian J. +7 more
openaire +1 more source