Random Regret based Discrete Choice Modeling is popular PDF and ePub book, written by Caspar G. Chorus in 2012-04-07, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Random Regret based Discrete Choice Modeling can be Read Online from any device for your convenience.
Random Regret based Discrete Choice Modeling Book PDF Summary
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 to explore the RRM-approach and its potential and limitations hands-on and based on a detailed discussion of examples. This tutorial is written for students, scholars and practitioners who have a basic background in choice modeling in general and RUM-modeling in particular. It has been taken care of that all concepts and results should be clear to readers that do not have an advanced knowledge of econometrics.
Detail Book of Random Regret based Discrete Choice Modeling PDF
- Author : Caspar G. Chorus
- Release : 07 April 2012
- Publisher : Springer Science & Business Media
- ISBN : 9783642291500
- Genre : Business & Economics
- Total Page : 60 pages
- Language : English
- PDF File Size : 16,5 Mb
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