A Comparison between Logit Model and Classification Regression Trees (CART) in Customer Credit Scoring Systems [PDF]
With the continuous development and changes in the credit industry, credit products play a more important role in the economy. This has led institutions to expand the role of technology in their credit management processes.
gholam reza . Keshavarz Haddad +1 more
doaj
Pregibit: A Family of Discrete Choice Models [PDF]
The pregibit discrete choice model is built on a distribution that allows symmetry or asymmetry and thick tails, thin tails or no tails. Thus the model is much richer than the traditional models that are typically used to study behavior that generates ...
Vijverberg, Chu-Ping C. +1 more
core
Consumer Valuation of Meat Alternatives and Labeling Policies: A Comparative Perspective
ABSTRACT This study investigates and compares US consumer perceptions and the impact of environmental, human health, and animal welfare information related to conventional meat on preferences for meat alternatives and labeling policies. Using the best–worst scaling method across 10 different burger alternatives, our results show that the meat burger is
Daniele Asioli +5 more
wiley +1 more source
Logit Models of Individual Choice
The logit function is the reciprocal function to the sigmoid logistic function. It maps the interval [0,1] into the real line and is written as $$logit\left( p \right)=\ln \left( {p/\left( {1-p} \right)} \right).$$ (1) Two traditions are involved in the modern theory of logit models of individual choices.
openaire +3 more sources
Accommodating Complex Substitution Patterns in a Random Utility Model of Recreational Fishing [PDF]
We employed a cross-nested logit (CNL) model that permits a rich pattern of substitution among alternatives within a closed form choice model. The specification we employed is ideal for applications with many choice alternatives, such as the 431 fishing ...
Boots, Barry +2 more
core +1 more source
Ban Glyphosate—Does It Affect the Swedish Farmers' Willingness to Grow Cover Crops?
ABSTRACT The cultivation of cover crops is one of the new Eco‐scheme practices introduced in Sweden. This study examines how the design of policy attributes of these schemes influences farmers' willingness to grow cover crops on arable land, with particular focus on the potential impact of a glyphosate ban.
Vivian Wei Huang +2 more
wiley +1 more source
Models for Ordered Categorical Variables: An Application [PDF]
Ordered logit and ordered probit models, commonly used ordered categorical variable models, are used when the dependent variable is categorical and ordered.
Öznur İşçi Güneri +2 more
doaj
Taste Heterogeneity, IIA, and the Similarity Critique [PDF]
The purpose of this paper is to show that allowing for taste heterogeneity does not address the similarity critique of discrete-choice models. Although IIA may technically be broken in aggregate, the mixed logit model allows neither a given individual ...
Andrew Ainslie, Thomas J. Steenburgh
core
Consumer Health Perceptions of Cows' Milk and Plant‐Based Milk Alternatives
ABSTRACT This study used a best‐worst scale experiment to reveal consumers' beliefs about the healthiness of selected cows' milk and plant‐based milk products based on their nutrition panels. We find that while there is heterogeneity in health perceptions, consumers overwhelmingly select skim milk as the healthiest milk product. Additionally, the cows'
Danielle M. Kaminski +2 more
wiley +1 more source
USE OF CHAMBERLAIN FIXED EFFECTS APPROACH TO ESTIMATE WILLINGNESS-TO-PAY FOR LITTLE TENNESSEE RIVER BASIN MANAGEMENT ALTERNATIVES [PDF]
The paper discusses an application of Chamberlain's fixed effects model to contingent valuation method survey data obtained for eight management alternatives for the Little Tennessee River basin.
Bergstrom, John C. +4 more
core +1 more source

