Results 261 to 270 of about 116,197 (306)

Discrete choice models with latent choice sets

International Journal of Research in Marketing, 1995
Abstract The paper extends discrete choice models by adding an explicit probabilistic representation of the various alternatives considered by the individual in a choice situation. The motivation is to incorporate into a single framework of choice set generation modeling the effects of stochastic constraints or elimination criteria and the influence ...
Moshe Ben-Akiva
exaly   +2 more sources

Risk, uncertainty and discrete choice models [PDF]

open access: possibleMarketing 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
openaire   +3 more sources

Discrete choice models and valuation experiments

Journal of Economic Studies, 2003
This 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 ...
openaire   +3 more sources

discrete choice models

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.
openaire   +3 more sources

DISCRETE CHOICE MODELS WITH MULTIPLE UNOBSERVED CHOICE CHARACTERISTICS* [PDF]

open access: possibleInternational Economic Review, 2007
Since the pioneering work by Daniel McFadden, utility‐maximization‐based multinomial response models have become important tools of empirical researchers. Various generalizations of these models have been developed to allow for unobserved heterogeneity in taste parameters and choice characteristics.
Susan Athey, Guido Imbens
openaire   +1 more source

Discrete Choice Models

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.
openaire   +2 more sources

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