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We survey the literature on models for ordered choices, including ordered logit and probit specifications. The contemporary form of the model is presented and analyzed in detail. The historical development of the model is presented as well. We detail a number of generalizations that have...
Persistent link: https://www.econbiz.de/10014215944
There is a growing body of evidence in the non-market valuation literature suggesting that responses to a sequence of discrete choice questions tend to violate the assumptions typically made by analysts regarding independence of responses and stability of preferences. Heuristics such as value...
Persistent link: https://www.econbiz.de/10008564505
The Sydney Olympics held in September 2000 provided an opportunity to monitor the planning of transport provision for the world's greatest sporting spectacular. As the single largest major event, the pressures on a city's transport system are enormous, as witnessed by the previous Games in...
Persistent link: https://www.econbiz.de/10010692460
This is the fourth time that Transport Reviews has published a summary of the workshop sessions from the Thredbo Conference. The intention is to disseminate more widely the main findings and conclusions from these sessions at this important international conference. Interested readers are also...
Persistent link: https://www.econbiz.de/10010692507
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The popularity of stated choice (SC) experiments has produced many design strategies in which researchers use increasingly more 'complex' choice settings to study choice behaviour. When the amount of information to assess increases, we wonder how an individual handles such information in making...
Persistent link: https://www.econbiz.de/10005823651
It is widely recognized that individual decision making is subject to the evaluation of gains and losses around a reference point. The estimation of discrete choice models increasingly use data from stated choice experiments which are pivoted around a reference alternative. However, to date, the...
Persistent link: https://www.econbiz.de/10008516716
Choice behaviour might be determined by asymmetric preferences whether the consumers are faced with gains or losses. This paper investigates loss aversion and diminishing sensitivity, and analyzes their implications on willingness to pay and willingness to accept measures in a reference pivoted...
Persistent link: https://www.econbiz.de/10008516717
Non-market effects of agriculture are often estimated using discrete choice models from stated preference surveys. In this context we propose two ways of modelling attribute non-attendance. The first involves constraining coefficients to zero in a latent class framework, whereas the second is...
Persistent link: https://www.econbiz.de/10008546173