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An increasing number of studies are concerned with the use of alternatives to random utility maximisation as a decision rule in choice models, with a particular emphasis on regret minimisation over the last few years. The initial focus was on revealing which paradigm fits best for a given...
Persistent link: https://www.econbiz.de/10011049905
Recent interest in the topic of random scale heterogeneity in discrete choice data has led to the development of specialised tools such as the G-MNL model, as well as repeated claims that studies which fail to separate scale heterogeneity from heterogeneity in individual coefficients are likely...
Persistent link: https://www.econbiz.de/10010703057