Modeling Ordered Choices

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Modeling Ordered Choices
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Author : William H. Greene
language : en
Publisher:
Release Date : 2014-05-14
Modeling Ordered Choices written by William H. Greene and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-14 with Psychology categories.
A synthesis of developments in ordered choice modeling over the past fifty years.
Modeling Ordered Choices
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Author : William H. Greene
language : en
Publisher: Cambridge University Press
Release Date : 2010-04-08
Modeling Ordered Choices written by William H. Greene and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-04-08 with Business & Economics categories.
It is increasingly common for analysts to seek out the opinions of individuals and organizations using attitudinal scales such as degree of satisfaction or importance attached to an issue. Examples include levels of obesity, seriousness of a health condition, attitudes towards service levels, opinions on products, voting intentions, and the degree of clarity of contracts. Ordered choice models provide a relevant methodology for capturing the sources of influence that explain the choice made amongst a set of ordered alternatives. The methods have evolved to a level of sophistication that can allow for heterogeneity in the threshold parameters, in the explanatory variables (through random parameters), and in the decomposition of the residual variance. This book brings together contributions in ordered choice modeling from a number of disciplines, synthesizing developments over the last fifty years, and suggests useful extensions to account for the wide range of sources of influence on choice.
Modeling Ordered Choices
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Author : William H. Greene
language : en
Publisher:
Release Date : 2008
Modeling Ordered Choices written by William H. Greene and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
We survey the literature on models for ordered choices, including ordered logit and probit specifications. The contemporary form of the model is presented and analyzed in detail. The historical development of the model is presented as well. We detail a number of generalizations that have appeared in the recent literature. Finally, we propose a new form of the model that accommodates in a natural, internally consistent form, functional form flexibility and individual heterogeneity. Much of this study is pedagogical. However, the last few sections propose new model formulations, and illustrate them with an application to self reported health satisfaction.
Discrete Choice Methods With Simulation
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Author : Kenneth Train
language : en
Publisher: Cambridge University Press
Release Date : 2009-07-06
Discrete Choice Methods With Simulation written by Kenneth Train and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-07-06 with Business & Economics categories.
This book describes the new generation of discrete choice methods, focusing on the many advances that are made possible by simulation. Researchers use these statistical methods to examine the choices that consumers, households, firms, and other agents make. Each of the major models is covered: logit, generalized extreme value, or GEV (including nested and cross-nested logits), probit, and mixed logit, plus a variety of specifications that build on these basics. Simulation-assisted estimation procedures are investigated and compared, including maximum stimulated likelihood, method of simulated moments, and method of simulated scores. Procedures for drawing from densities are described, including variance reduction techniques such as anithetics and Halton draws. Recent advances in Bayesian procedures are explored, including the use of the Metropolis-Hastings algorithm and its variant Gibbs sampling. The second edition adds chapters on endogeneity and expectation-maximization (EM) algorithms. No other book incorporates all these fields, which have arisen in the past 25 years. The procedures are applicable in many fields, including energy, transportation, environmental studies, health, labor, and marketing.
Applied Choice Analysis
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Author : David A. Hensher
language : en
Publisher: Cambridge University Press
Release Date : 2015-06-11
Applied Choice Analysis written by David A. Hensher and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-06-11 with Business & Economics categories.
A fully updated second edition of this popular introduction to applied choice analysis, written for graduate students, researchers, professionals and consultants.
Ordered Regression Models
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Author : Andrew S. Fullerton
language : en
Publisher: CRC Press
Release Date : 2016-04-21
Ordered Regression Models written by Andrew S. Fullerton and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-21 with Mathematics categories.
Ordered Regression Models: Parallel, Partial, and Non-Parallel Alternatives presents regression models for ordinal outcomes, which are variables that have ordered categories but unknown spacing between the categories. The book provides comprehensive coverage of the three major classes of ordered regression models (cumulative, stage, and adjacent) as well as variations based on the application of the parallel regression assumption. The authors first introduce the three "parallel" ordered regression models before covering unconstrained partial, constrained partial, and nonparallel models. They then review existing tests for the parallel regression assumption, propose new variations of several tests, and discuss important practical concerns related to tests of the parallel regression assumption. The book also describes extensions of ordered regression models, including heterogeneous choice models, multilevel ordered models, and the Bayesian approach to ordered regression models. Some chapters include brief examples using Stata and R. This book offers a conceptual framework for understanding ordered regression models based on the probability of interest and the application of the parallel regression assumption. It demonstrates the usefulness of numerous modeling alternatives, showing you how to select the most appropriate model given the type of ordinal outcome and restrictiveness of the parallel assumption for each variable. Web Resource More detailed examples are available on a supplementary website. The site also contains JAGS, R, and Stata codes to estimate the models along with syntax to reproduce the results.
Handbook Of Choice Modelling
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Author : Stephane Hess
language : en
Publisher: Edward Elgar Publishing
Release Date : 2024-06-05
Handbook Of Choice Modelling written by Stephane Hess and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-06-05 with Business & Economics categories.
This thoroughly revised second edition Handbook provides an authoritative and in-depth overview of choice modelling, covering essential topics range from data collection through model specification and estimation to analysis and use of results. It aptly emphasises the broad relevance of choice modelling when applied to a multitude of fields, including but not limited to transport, marketing, health and environmental economics.
Choice Modelling
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Author : Stephane Hess
language : en
Publisher: Emerald Group Publishing
Release Date : 2010-01-15
Choice Modelling written by Stephane Hess and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-01-15 with Transportation categories.
Contains a selection of the best theoretical and applied papers from the inaugural International Choice Modelling Conference. The conference was organised by the Institute for Transport Studies at the University of Leeds and held in Harrogate, North Yorkshire on 30 March to 1 April 2009.
Interaction Models
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Author : William Roberts Clark
language : en
Publisher: Cambridge University Press
Release Date : 2023-11-16
Interaction Models written by William Roberts Clark and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-11-16 with Mathematics categories.
A comprehensive and unified introduction to interaction models and how they can be used to test conditional claims.
Discrete Choice Modelling And Air Travel Demand
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Author : Laurie A. Garrow
language : en
Publisher: Routledge
Release Date : 2016-05-23
Discrete Choice Modelling And Air Travel Demand written by Laurie A. Garrow and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-23 with Technology & Engineering categories.
In recent years, airline practitioners and academics have started to explore new ways to model airline passenger demand using discrete choice methods. This book provides an introduction to discrete choice models and uses extensive examples to illustrate how these models have been used in the airline industry. These examples span network planning, revenue management, and pricing applications. Numerous examples of fundamental logit modeling concepts are covered in the text, including probability calculations, value of time calculations, elasticity calculations, nested and non-nested likelihood ratio tests, etc. The core chapters of the book are written at a level appropriate for airline practitioners and graduate students with operations research or travel demand modeling backgrounds. Given the majority of discrete choice modeling advancements in transportation evolved from urban travel demand studies, the introduction first orients readers from different backgrounds by highlighting major distinctions between aviation and urban travel demand studies. This is followed by an in-depth treatment of two of the most common discrete choice models, namely the multinomial and nested logit models. More advanced discrete choice models are covered, including mixed logit models and generalized extreme value models that belong to the generalized nested logit class and/or the network generalized extreme value class. An emphasis is placed on highlighting open research questions associated with these models that will be of particular interest to operations research students. Practical modeling issues related to data and estimation software are also addressed, and an extensive modeling exercise focused on the interpretation and application of statistical tests used to guide the selection of a preferred model specification is included; the modeling exercise uses itinerary choice data from a major airline. The text concludes with a discussion of on-going customer modeling research in aviation. Discrete Choice Modelling and Air Travel Demand is enriched by a comprehensive set of technical appendices that will be of particular interest to advanced students of discrete choice modeling theory. The appendices also include detailed proofs of the multinomial and nested logit models and derivations of measures used to represent competition among alternatives, namely correlation, direct-elasticities, and cross-elasticities.