[PDF.63yu] Random Regret-based Discrete Choice Modeling: A Tutorial (SpringerBriefs in Business)

Random Regret-based Discrete Choice Modeling: A Tutorial (SpringerBriefs in Business)

[PDF.to11] Random Regret-based Discrete Choice Modeling: A Tutorial (SpringerBriefs in Business)

Random Regret-based Discrete Choice  Caspar G. Chorus epub
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Random Regret-based Discrete Choice  Caspar G. Chorus book review
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 |  2012-04-05 |  2012-04-05 | File type: PDF

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|| ||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&rsqu

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 conve...

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