SP attribute values are sometimes set X times or 1/X times the RP attribute values in the direction that changes respondents' RP behaviour. In estimating RP/SP models, assumptions on error structures are required: (a) RP and SP have both a common error component and independent error components...

In the context of panel ordered-response structures, the current paper compares the performance of the maximum-simulated likelihood (MSL) inference approach and the composite marginal likelihood (CML) inference approach. The panel structures considered include the pure random coefficients (RC)...

This paper presents an application of advanced econometric techniques to railway passenger choices in the context of revenue management. Three modeling approaches; multinomial logit, latent class, and mixed logit models are applied to ticket purchase timing decisions and to three market...

The use of Prospect Theory to model route choice has increased in the past decades. The main application issue is how to define the reference point, i.e., the value that travellers use as a reference to distinguish gains and losses in the experienced travel times. Moreover, the question can be...

Individuals often recreate with others, but models of recreation-site choice (which ski area, climbing route, golf course, or bike trail) ignore the social aspect—a trait they share with most choice models. Site-choice models seek to explain site choice as a function of only the cost of...

Within the broad area of probabilistic modelling of individual discrete choice, we develop three strands of discussion. First, we outline a theoretical framework for the modelling of individual discrete choice under risk, distinguishing between three specific sources of randomness; in preference...

Contrary to the usual assumption of fixed, well-defined and context independent preferences, individuals are likely to approach a choice task using rules and heuristics that are dependent on the choice environment. More specifically, heuristics that are defined by the local choice context, such...

This paper describes and applies a general approach for incorporating factors with structural equations into models for discrete choice. The approach gives form to the covariance matrix in random coefficient models. The factors act directly on the random coefficients as unobserved attributes....

The Integrated Hierarchical Information Integration (HII-I) approach allows to include a larger number of attributes in choice experiments by summarising similar attributes into constructs. In separate sub-experiments, one construct is described by its attributes while the other constructs are...

A recurring issue in the discourse about choice modelling is the role of consideration sets. Many scholars have proposed that consumers will follow a twostage decision process. This paper argues that in spatial choice contexts the role of the consideration set may largely depend on the decision...