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?Introduction -- A Random Regret Minimization-based discrete choice model -- Empirical application of Random Regret Minimization-models -- Applicability of Random Regret Minimization-models -- Selection of recent developments in RRM-modeling
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We introduce an extension of the discrete choice model to take into account individuals' mental representation of a choice problem. We argue that, especially in daily activity and travel choices, the activated needs of an individual have an influence on the benefits he or she pursues in the...
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