Sampling of alternatives in migration aspiration models
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We introduce a hybrid discrete choice framework to model the decisions of investors in stock markets. More specifically, we model the decision to buy or sell stocks using a binary logit model with latent classes, characterizing the perception of risk. The ...
We present an operational estimation procedure for the estimation of route choice multivariate extreme value (MEV) models based on sampling of alternatives. The procedure builds on the state-of-the-art literature, and in particular on recent methodological ...
In this paper, we present an analysis of the impact of perceptions on transport mode choice. Traditional revealed preference surveys very often only involve questions leading to the collection of quantitative data, discrete or continuous, but little attent ...
This thesis tackles new challenges associated with the disaggregate modeling of the human behavior. Decision-aid tools help in making decisions, by providing quantitative insights on the decisions and associated consequences. They are useful in complex sit ...
BIOGEME is a free software package for estimating by maximum likelihood a broad range of random utility models. It can estimate particularly Multivariate Extreme Value (MEV) models including the logit model, the nested logit model, the cross-nested logit m ...
Discrete choice models are constantly in evolution in the literature. Since they enable to capture wide range of situations, they have been widely used by researchers and also practitioners in several fields of applications including econometrics and trans ...
Discrete choice models are constantly in evolution in the literature. Since they enable to capture wide range of situations, they have been widely used by researchers and also practitioners in several fields of applications including econometrics and trans ...
Typical daily decision-making process of individuals regarding use of transport system involves mainly three types of decisions: mode choice, departure time choice and route choice. This paper focuses on the mode and departure time choice processes and stu ...
We first review the impact of various sampling strategies on the estimation of discrete choice models. In particular, consistent estimates of all parameters of a multinomial logit (MNL) model, except the constants, can be obtained from an exogenous sample ...
In the presence of choice-based sampling strategies for data collection, the property of Multinomial Logit (MNL) models, that consistent estimâtes of all parameters but the constants can be obtained from an Exogenous Sample Maximum Likelihood (ESML) estima ...
