Showing 1 - 9 of 9
The calibration of choice models produces a set of parameter estimates and an associated covariance matrix, usually based on maximum likelihood estimation. However, in many cases, the values of interest to analysts are in fact functions of these parameters rather than the parameters themselves....
Persistent link: https://www.econbiz.de/10010574820
The paper presents a family of disaggregate choice models, which are shown to be equivalent to many of the aggregate models commonly used in planning studies. A brief summary is given of the method that has been developed for estimating the parameters of these models. A generalisation is then...
Persistent link: https://www.econbiz.de/10005115165
Generalised extreme value models provide an interesting theoretical framework to develop closed-form random utility models. Unfortunately, few instances of this family are to be found as operational models in practice. The form of the model, based on a generating function G which must satisfy...
Persistent link: https://www.econbiz.de/10005228030
The paper by Koppelman and Wen (1998) on nested logit structures (subsequently referred to as K&W), draws attention to alternative formulations of nested or 'tree' logit models. The intention of this note is to highlight some deficiencies in that paper and comment on the points raised in the...
Persistent link: https://www.econbiz.de/10005191616
The existence of the "tree" generalisation of the multinomial logit model, its consistency with theories of "rational" human behaviour, as well as the advantages offered in terms of more realistic modelling by this model form, have all been known for some time. Although a few studies have...
Persistent link: https://www.econbiz.de/10005191753
Partly as a result of the increasing reliance on Stated Choice (SC) data, the vast majority of discrete choice modelling applications are now estimated on data containing multiple observations for each respondent. At the same time there has been growing interest in the representation of...
Persistent link: https://www.econbiz.de/10005022880
With the growing reliance on Stated Choice (SC) data, researchers are increasingly interested in understanding how respondents process the information presented to them in such surveys. Specifically, it has been argued that some respondents may simplify the choice tasks by consistently ignoring...
Persistent link: https://www.econbiz.de/10008488166
Most applications of discrete choice models in transportation now utilise a random coefficient specification, such as mixed logit, to represent taste heterogeneity. However, little is known about the ability of these models to capture the heterogeneity in finite samples (as opposed to...
Persistent link: https://www.econbiz.de/10009143129
Quasi-random number sequences have been used extensively for many years in the simulation of integrals that do not have a closed-form expression, such as Mixed Logit and Multinomial Probit choice probabilities. Halton sequences are one example of such quasi-random number sequences, and various...
Persistent link: https://www.econbiz.de/10005191589