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2010
Choice models attempt to analyze decision marker’s preferences amongst alternatives. We’ll primarily address the binary case to simplify the illustrations though in principle any number of discrete choices can be analyzed. A key is choices are mutually exclusive and exhaustive. This framing exercise impacts the interpretation of the data.
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Choice models attempt to analyze decision marker’s preferences amongst alternatives. We’ll primarily address the binary case to simplify the illustrations though in principle any number of discrete choices can be analyzed. A key is choices are mutually exclusive and exhaustive. This framing exercise impacts the interpretation of the data.
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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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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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Marketing Letters, 2001
We present a discrete choice model in which a consumer's impression of each alternative is based on her memory of past experience with this choice, and is stochastically updated whenever the alternative is chosen. The consumer remembers a cumulative utility index per alternative, and, when an alternative is chosen, the index is updated by the addition ...
Gilboa, Itzhak, Pazgal, Amit
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We present a discrete choice model in which a consumer's impression of each alternative is based on her memory of past experience with this choice, and is stochastically updated whenever the alternative is chosen. The consumer remembers a cumulative utility index per alternative, and, when an alternative is chosen, the index is updated by the addition ...
Gilboa, Itzhak, Pazgal, Amit
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2005
Abstract One of the greatest challenges facing health economists is the identification and valuation of benefits from health care interventions. Until the 1990s benefit assessment in health economics was dominated by an assumption that health was the only important outcome from health care.
Ryan, Mandy, Gerard, Karen
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Abstract One of the greatest challenges facing health economists is the identification and valuation of benefits from health care interventions. Until the 1990s benefit assessment in health economics was dominated by an assumption that health was the only important outcome from health care.
Ryan, Mandy, Gerard, Karen
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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
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