In the paper the discrete choice models are discussed and applied based on empirical data. The main goal of the paper is to find out whether the various discrete choice models provide the analyst with the robust and reliable estimates of values of natural goods or values of changed quality of...

In this paper we give a survey on some basic ideas related to random utility, extreme value theory and multinomial logit models. These ideas are well known within the field of spatial economics, but do not appear to be common knowledge to researchers in probability theory. The purpose of the...

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...

We analyze 10 three-candidate elections (and mock elections) conducted under approval voting (AV) using a method developed by Falmagne and Regenwetter (1996) that allows us to construct a distribution of rank orders from subset choice data. The elections were held by the Institute of Management...