Random Regret-based Discrete Choice Modeling: A Tutorial by Caspar G. Chorus (En

Description: Random Regret-based Discrete Choice Modeling by Caspar G. Chorus This tutorial presents a hands-on introduction to a new discrete choice modeling approach based on the behavioral notion of regret-minimization. FORMAT Paperback LANGUAGE English CONDITION Brand New Publisher Description 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. Notes ¿Introduces a regret minimization-based approach to discrete choice modelingThe approach provides a promising alternative to utility maximization-based choice modelsDetailed discussion of the regret-based models properties and empirical applicabilityWorking knowledge of choice modeling is presupposed, advanced econometric skills not needed Table of Contents ?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. Review 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 authors recent body of work." (Jörg Stoye, Zentralblatt MATH, Vol. 1260, 2013) Review Quote 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 authors recent body of work." (Jrg Stoye, Zentralblatt MATH, Vol. 1260, 2013) Feature Introduces a regret minimization-based approach to discrete choice modeling The approach provides a promising alternative to utility maximization-based choice models Detailed discussion of the regret-based models properties and empirical applicability Working knowledge of choice modeling is presupposed, advanced econometric skills not needed Details ISBN3642291503 Author Caspar G. Chorus Publisher Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Year 2012 ISBN-10 3642291503 ISBN-13 9783642291500 Format Paperback Imprint Springer-Verlag Berlin and Heidelberg GmbH & Co. K Place of Publication Berlin Country of Publication Germany Short Title RANDOM REGRET-BASED DISCRETE C Language English Media Book Subtitle A Tutorial Series SpringerBriefs in Business Pages 55 Edition 2012th Illustrations 11 Illustrations, black and white; VIII, 55 p. 11 illus. DOI 10.1007/978-3-642-29151-7 Publication Date 2012-04-07 Edition Description 2012 ed. DEWEY 658.4033 Audience Professional & Vocational We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:96277165;

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