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Choice Modelling

The State of the Art and the State of Practice Edited by Stephane Hess, University of Leeds, UK and Andrew Daly, formerly University of Leeds, UK and RAND Europe
Choice modelling has been one of the most active fields in economics over recent years. This valuable new book contains leading contributions from academics and practitioners from across the different areas of study where choice modelling is a key analytical technique, drawn from a recent international conference.
Extent: 328 pp
Hardback Price: £91.00 Web: £81.90
Publication Date: 2013
ISBN: 978 1 78100 726 6
Availability: In Stock
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  • Economics and Finance
  • Valuation
  • Environment
  • Valuation
Choice modelling has been one of the most active fields in economics over recent years. This valuable new book contains leading contributions from academics and practitioners from across the different areas of study where choice modelling is a key analytical technique, drawn from a recent international conference.

Choice models explain the behaviour of individuals by quantifying their values, responses and perceptions of attributes describing the various options (alternatives) available to them. Policy makers and planners have long since recognised the potential of using choice models for guidance purposes, with applications in fields as diverse as transport analysis, healthcare, telecommunications, public service evaluation and energy.

The unique mix of theoretical and applied chapters will appeal to academics, students, researchers and practitioners in various fields, as well as anyone with a general interest in the subject.
‘This collection of papers, by leading researchers in the field, provides an excellent view of the current state of research and applications. Exciting new techniques are presented, and realistic solutions are offered to issues that arise in applied work. It is an admirably rich volume, offering valuable insights for all readers of choice modeling.’
– Kenneth Train, University of California, Berkeley and NERA Economic Consulting, Inc., San Francisco, California, US

‘I’m an enthusiastic fan of the ICMC, where researchers are friendly, genuinely interested in learning from and helping one another. There is much to learn because each discipline brings a different perspective to the field and to theoretical and applied problems in decision-making and choice behavior. The ICMC embodies the philosophy that most real choice problems are complex and require a cross-disciplinary approach. The papers in this volume represent an eclectic cross-section of the topics covered by key researchers in the field. I look forward to getting our PhD students and postdocs stuck into them.’
– Jordan Louviere, University of Technology Sydney, Australia
Contributors: T. Arentze, R. Batley, C. Bhat, M. Bierlaire, D.S. Bunch, E. Cherchi, C.G. Chorus, C.F. Choudhury, A. Daly, J. de Dios Ortúzar, B.G.C. Dellaert, M. Dix, C. Eckert, A. Enam, T. Flynn, M. Greene, S. Hess, J.N. Ibáñez, P. Iglesias, L. La Paix, J.J. Louviere, P. Metcalfe, P.L. Mokhtarian, A. Monzón, H. Oppewal, A. Pinjari, J.M. Rose, R. Sheldon, W. Tang, P. Vovsha, G. Wets
Contents:

Introduction

1. Modeling Single Individuals: The Journey from Psych Lab to the App Store
Jordan J. Louviere

2. Forecasting Behaviour: With Applications to Transport
Andrew Daly

3. Workshop Report: Recent Advances on Modeling Multiple Discrete-continuous Choices
Abdul Pinjari, Chandra Bhat and David S. Bunch

4. Workshop Report: Working with Repeated Choice Data
Andrew Daly, Stephane Hess and Christine Eckert

5. Workshop Report: Mental Representations and Discrete Choice Behaviour: State-of-the-Art and Avenues for Future Research
Benedict G.C. Dellaert, Theo Arentze, Caspar G. Chorus, Harmen Oppewal and Geert Wets

6. Workshop Report: Good Data is Key to the Development of Good Models so How is Innovation in Data Collection Keeping Apace?
Rob Sheldon, Martin Dix, Terry Flynn and Paul Metcalfe

7. Applied Welfare Economics with Discrete Choice Models: Implications of Theory for Empirical Specification
Richard Batley and J. Nicolás Ibáñez

8. A Comprehensive Model to Capture the Preference for Mass Rapid Transit in Dhaka
Annesha Enam and Charisma F. Choudhury

9. On the Perception of Safety in Low Income Neighbourhoods: Using Digital Images in a Stated Choice Experiment
Paula Iglesias, Margarita Greene and Juan de Dios Ortúzar

10. How Urban Environment Affects Travel Behaviour: Integrated Choice and Latent Variable Model for Travel Schedules
Lissy La Paix, Michel Bierlaire, Elisabetta Cherchi and Andrés Monzón

11. Selecting a Date: A Matter of Regret and Compromises
Caspar G. Chorus and John M. Rose

12. Trivariate Probit Models of Pre-purchase/Purchase Shopping Channel Choice: Clothing Purchases in Northern California
Patricia L. Mokhtarian and Wei (Laura) Tang

13. Choice Models of Travel Demand in Practice: Current Trends, Problems and Welcome Research Directions
Peter Vovsha

Index