Search Results - subject:"Random Utility"

Heterogeneity and the nonparametric analysis of consumer choice: conditions for invertibility

Beckert, Walter; Blundell, Richard - Centre for Microdata Methods and Practice (CEMMAP) - 2005

This paper considers structural nonparametric random utility models for continuous choice variables. It provides … allow global invertibility between demands and random utility components. Invertibility is essential for global … 2005 Abstract This paper considers structural nonparametric random utility models for continuous choice variables. It …

Persistent link: https://www.econbiz.de/10005727677

Accounting for Skill Levels in Recreational Demand Modelling using a Clustered RUM approach

Hynes, Stephen; Hanley, Nick - Department of Economics, National University of Ireland - 2005

We adapt the standard random utility model to take account of the heterogeneity of recreational preferences by using …

Persistent link: https://www.econbiz.de/10008543402

Fuzzy Logic and Preference Uncertainty in Non-market Valuation

van Kooten, Gerrit Cornelis; Sun, Lili - Department of Economics, University of Victoria - 2005

follow-up certainty confidence question. We develop a Fuzzy Random Utility Maximization (FRUM) framework where the perceived … results from fuzzy models are generally ‘better’ than those obtained using the traditional random utility framework. …

Persistent link: https://www.econbiz.de/10005700451

Social interaction and conformism in a random utility model

Barucci, Emilio; Tolotti, Marco - In: Journal of Economic Dynamics and Control 36 (2012) 12, pp. 1855-1866

We analyze a class of dynamic binary choice models with social interaction. Agents are heterogeneous and their degree of conformism (taste externality) changes over time endogenously. We show that social interaction in itself is not enough to observe multiple equilibria and that the equilibrium...

Persistent link: https://www.econbiz.de/10010871056

Random Regret Minimization: Exploration of a New Choice Model for Environmental and Resource Economics

Thiene, Mara; Boeri, Marco; Chorus, Caspar - In: Environmental & Resource Economics 51 (2012) 3, pp. 413-429

Persistent link: https://www.econbiz.de/10010862796

Augmenting discrete-choice data to identify common preference scales for inter-subject analyses

Bacon, Lynd; Lenk, Peter - In: Quantitative Marketing and Economics 10 (2012) 4, pp. 453-474

Discrete-choice experiments are commonly used to measure subjects’ preference structures and are often preferred to other measurement methods because they better align with actual choice behavior and avoid some of the well-documented biases inherent in alternative elicitation methods. A...

Persistent link: https://www.econbiz.de/10010865219

Well-being and activity-based models

Abou-Zeid, Maya; Ben-Akiva, Moshe - In: Transportation 39 (2012) 6, pp. 1189-1207

) within a random utility modeling framework. The second extension models conceptually the behavioral process of activity …

Persistent link: https://www.econbiz.de/10010867525

Allowing for heterogeneous decision rules in discrete choice models: an approach and four case studies

Hess, Stephane; Stathopoulos, Amanda; Daly, Andrew - In: Transportation 39 (2012) 3, pp. 565-591

Persistent link: https://www.econbiz.de/10010867530

On the meaningfulness of testing preference axioms in stated preference discrete choice experiments

Hougaard, Jens; Tjur, Tue; Østerdal, Lars - In: The European Journal of Health Economics 13 (2012) 4, pp. 409-417

Persistent link: https://www.econbiz.de/10010993944

Spatial random utility model with an application to recreation demand

Smirnov, Oleg A.; Egan, Kevin J. - In: Economic Modelling 29 (2012) 1, pp. 72-78

discrete choices. To incorporate spatial interdependencies in the behavioral analysis, we propose a spatial random utility …

Persistent link: https://www.econbiz.de/10010599354