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This paper proposes a behavioral interpretation of the choice set generation process that is useful for structuring and specifying discrete models that incorporate this stage of choice. The key concept is the notion of random constraints, which is operationalized in the form of probabilistic...
Persistent link: https://www.econbiz.de/10005191521
This paper addresses the theoretical and empirical issues involved in modeling complex travel patterns. Existing models have the shortcoming of not representing the interdependencies among trip links in trip chains with multiple non-home stops. A theoretical model based on utility theory and...
Persistent link: https://www.econbiz.de/10005191638
We describe recent progress in several areas related to endogeneity, including: choice set formation and attention to attributes; interactions among decision-makers; respondents' strategic behavior in answering stated preference choices; models of multiple discrete/continuous choice; distributions...
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This paper examines the cross-fertilizations of random utility models with the study of decision making under risk and uncertainty. We start with a description of the Expected Utility (EU) theory and then consider deviations from the standard EU frameworks, involving the Allais paradox and the...
Persistent link: https://www.econbiz.de/10005523801
In Japan, demands for Broadband Internet Access and Internet Telephony have increased dramatically in recent years. According to official sources, as of September 2005, there were 21.4 million users of Broadband Internet Access and 9.76 million IP telephones in use. In this study, we employ a...
Persistent link: https://www.econbiz.de/10005537403
The authors describe and apply methods for empirically investigating the relation between consumption and tariff choice. These methods allow (1) testing of alternative specifications for the relations of tariff choice and consumption patterns, (2) estimation of parameters that provide...
Persistent link: https://www.econbiz.de/10005740966