Showing 1 - 10 of 17
We propose and test a choice model based on the notion that the category an alternative is perceived to fall into determines the attribute importance weights used to evaluate that alternative. For example, space is more important than fuel economy for an SUV, but the opposite is true for a...
Persistent link: https://www.econbiz.de/10011209080
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 which paradigm fits best for a given...
Persistent link: https://www.econbiz.de/10011049905
In a discrete choice experiment, each respondent chooses the best product or service sequentially from many groups or choice sets of alternative goods. The alternatives are described by levels of a set of predefined attributes and are also referred to as profiles. Respondents often find it...
Persistent link: https://www.econbiz.de/10009546979
We propose and describe a comprehensive theoretical framework that integrates choice models and structural equation models. Referred to as "structural choice modelling" the framework easily combines data from separate but related choice experiments. We describe the mathematical properties of the...
Persistent link: https://www.econbiz.de/10009546993
A generation of new models has been proposed to handle some complex human behaviors. These models account for the data ambiguity, and therefore extend the application field of the discrete choice modeling. The facial expression recognition (FER) is highly relevant in this context. We develop a...
Persistent link: https://www.econbiz.de/10009546996
Model misspecification is a serious issue since misspecification generally renders statistical inference invalid. However, specification testing of discrete choice models is rarely applied. This paper describes a nonparametric test procedure which uses a combination of smoothed residual plots...
Persistent link: https://www.econbiz.de/10011367197
Persistent link: https://www.econbiz.de/10011367216
Maximum simulated likelihood (MSL) procedure is generally adopted in discrete choice analysis to solve complex models without closed mathematical formulation. This procedure differs from the maximum likelihood simply because simulated probabilities are inserted into the Log-Likelihood (LL)...
Persistent link: https://www.econbiz.de/10011367227
We briefly review and discuss traditional conjoint analysis (CA) and discrete choice experiments (DCEs), widely used stated preference elicitation methods in several disciplines. We pay particular attention to the origins and basis of CA, and show that it is generally inconsistent with economic...
Persistent link: https://www.econbiz.de/10011367233
We show in a theoretical model that the benefit from additional attention to the marginal attribute within a choice set depends upon the expected utility loss from making a suboptimal choice if it is ignored. Guided by this analysis, we then develop an empirical method to measure an individual's...
Persistent link: https://www.econbiz.de/10011367234