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Random Regret-based Discrete Choice Modeling
Caspar G. Chorus
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Description for Random Regret-based Discrete Choice Modeling
Paperback. Series: SpringerBriefs in Business. Num Pages: 63 pages, 11 black & white illustrations, biography. BIC Classification: KCH; KJT; KJU; TBC. Category: (P) Professional & Vocational. Dimension: 234 x 156 x 3. Weight in Grams: 117.
This tutorial presents a hands-on introduction to a new discrete choice modeling approach based on the behavioral notion of regret-minimization. This so-called Random Regret Minimization-approach (RRM) forms a counterpart of the Random Utility Maximization-approach (RUM) to discrete choice modeling, which has for decades dominated the field of choice modeling and adjacent fields such as transportation, marketing and environmental economics. Being as parsimonious as conventional RUM-models and compatible with popular software packages, the RRM-approach provides an alternative and appealing account of choice behavior. Rather than providing highly technical discussions as usually encountered in scholarly journals, this tutorial aims to allow readers ... Read more
This tutorial presents a hands-on introduction to a new discrete choice modeling approach based on the behavioral notion of regret-minimization. This so-called Random Regret Minimization-approach (RRM) forms a counterpart of the Random Utility Maximization-approach (RUM) to discrete choice modeling, which has for decades dominated the field of choice modeling and adjacent fields such as transportation, marketing and environmental economics. Being as parsimonious as conventional RUM-models and compatible with popular software packages, the RRM-approach provides an alternative and appealing account of choice behavior. Rather than providing highly technical discussions as usually encountered in scholarly journals, this tutorial aims to allow readers ... Read more
Product Details
Format
Paperback
Publication date
2012
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
63
Condition
New
Series
SpringerBriefs in Business
Number of Pages
55
Place of Publication
Berlin, Germany
ISBN
9783642291500
SKU
V9783642291500
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
Reviews for Random Regret-based Discrete Choice Modeling
From the reviews: “A brief tutorial on the use of a random discrete choice model that was recently developed by the author with collaborators. … The book is mainly of interest to applied decision modelers who want an entry point to the author’s recent body of work.” (Jörg Stoye, Zentralblatt MATH, Vol. 1260, 2013)