Development and estimation of flexible semi-compensatory choice models - Kaplan, Sigal
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Semi-compensatory models show promise in representing two-stage choice processes by integrating choice set formation within discrete choice models. However, they are subject to simplifying assumptions that limit their application. The current study proposes a novel semi- compensatory model that alleviates these simplifying assumptions concerning (i) the number of alternatives, (ii) the representation of choice set formation, and (iii) the error structure. The proposed model represents a sequence of choice set formation based on the conjunctive heuristic with correlated thresholds, and…mehr

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Produktbeschreibung
Semi-compensatory models show promise in representing two-stage choice processes by integrating choice set formation within discrete choice models. However, they are subject to simplifying assumptions that limit their application. The current study proposes a novel semi- compensatory model that alleviates these simplifying assumptions concerning (i) the number of alternatives, (ii) the representation of choice set formation, and (iii) the error structure. The proposed model represents a sequence of choice set formation based on the conjunctive heuristic with correlated thresholds, and utility-based choice accommodating alternatively nested substitution patterns across the alternatives and random taste variation across the population. The model is accompanied by an innovative two-stage procedure to collect data about semi-compensatory choice processes in a digital economy environment. The proposed model is applied to off-campus rental apartment choice of students in a university city in the core of medium-size metropolitan area.
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Autorenporträt
Dr. Sigal Kaplan is Assistant Professor at DTU Transport. Her interests embrace transport, urban planning and marketing. She has experience as transport planning consultant, she is involved in the professional community, and her scientific contributions appear in prestigious peer-reviewed journals and international conferences.