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Persistent link: https://www.econbiz.de/10010204552
Random utility maximisation is the pre-eminent behavioural theory used to model choices. An alternative paradigm, however, is random regret minimisation. While the majority of the literature examines the choices of individuals, this paper compares the choices of groups, as well as individuals,...
Persistent link: https://www.econbiz.de/10010728814
The development of more realistic choice experiments has taken on board a number of suggestions in the broader hypothetical bias literature. One issue, in particular, is the increasing interest in finding ways to bridge the gap between the stated choice response and real choosing, as a way of...
Persistent link: https://www.econbiz.de/10010289580
Persistent link: https://www.econbiz.de/10009303239
Recently emerging in the stated preference literature as methods for better representing behaviour are choice certainty calibration and alternative acceptability. This paper finds that the amount of idiosyncratic error in the context of automobile choice is significant and can be explained by...
Persistent link: https://www.econbiz.de/10010755155
A growing global focus on environmental concerns, in particular the role of carbon emissions in global warming, has created an atmosphere where attitudes towards the environment are a pre-eminent focus. In particular, the role of the motor vehicle in climate change has become increasingly...
Persistent link: https://www.econbiz.de/10010869275
The development of more realistic choice experiments has taken on board a number of suggestions in the broader hypothetical bias literature. One issue, in particular, is the increasing interest in finding ways to bridge the gap between the stated choice response and real choosing, as a way of...
Persistent link: https://www.econbiz.de/10011367335
Persistent link: https://www.econbiz.de/10010148646
Persistent link: https://www.econbiz.de/10009014032
In the stated choice literature, increasing attention has been paid to methods that seek to close the gap between the choices from these experiments and the choices experienced in the real world. Attempts to produce model estimates that are truer to real market behaviours are especially...
Persistent link: https://www.econbiz.de/10011189794