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Network planning models, which forecast the profitability of airline schedules, support many critical decisions, including equipment purchase decisions. Network planning models include an itinerary choice model that is used to allocate air total demand in a city pair to different itineraries....
Persistent link: https://www.econbiz.de/10012455950
This paper proposes a method for separating economic time series into a smooth component whose mean varies over time (the trend') and a stationary component (the cycle'). The aim is to make the trends as smooth as possible while also producing cycles with plausible properties. While the main...
Persistent link: https://www.econbiz.de/10012471343
modern behavioral economics. This chapter reviews theory and evidence on this topic, with the goal of facilitating more … processes, biases in belief updating, the representativeness heuristic as a possible unifying theory, and interactions between …
Persistent link: https://www.econbiz.de/10012480852
expectations with less naïve learning rules. Our results suggest that fast and frugal robust heuristics may not be a second …
Persistent link: https://www.econbiz.de/10012481880
Heuristic models have been proposed for many domains of choice. We compare heuristic models of intertemporal choice, which can account for many of the known intertemporal choice anomalies, to discounting models. We conduct an out-of-sample, cross-validated comparison of intertemporal choice...
Persistent link: https://www.econbiz.de/10012457718
thinking may be important. Our results suggest that information-processing heuristics may be important even in markets with …
Persistent link: https://www.econbiz.de/10012461629
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