A dynamic discrete-continuous choice model for car ownership and usage: estimation procedure
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An increasing number of studies are concerned with the use of alternatives to random utility maximisation as a decision rule in choice models, with a particular emphasis on regret minimisation over the last few years. The initial focus was on revealing whi ...
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This chapter focuses on valuation in the context of choice under uncertainty. When valuation is a pursuit distinct from choice, values revealed through choice may be different from the valuations that emerge from the (choice-independent) computations. In m ...
In this paper, we compare two methods to model the formation of choice sets in the context of discrete choice models. The first method is the probabilistic approach proposed by Manski (1977), who explicitly models the choice set generation process by expre ...
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In this paper, we compare two methods to model the formation of choice sets in the context of discrete choice models. The first method is the probabilistic approach proposed by Manski in 1977, who models the choice probability as the joint probability of s ...
Recent interest in the topic of random scale heterogeneity in discrete choice data has led to the development of specialised tools such as the G-MNL model, as well as repeated claims that studies which fail to separate scale heterogeneity from heterogeneit ...
