Approximations of choice probabilities in mixed logit models

DOI10.1016/J.EJOR.2009.01.017MaRDI QIDQ1042505zbMATH OpenOpenAlexFDO

Authors N. Kalouptsidis, V. Psaraki

Publication date 14 December 2009

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.ejor.2009.01.017

zbMATH Keywords

approximate choice probabilitiesdiscrete choicemixed logitrandom utility maximization models

Mathematics Subject Classification ID

Production models (90B30) Management decision making, including multiple objectives (90B50) Production theory, theory of the firm (91B38) Consumer behavior, demand theory (91B42)

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Cites work

• A Method of Simulated Moments for Estimation of Discrete Response Models Without Numerical Integration
• An Efficient Semiparametric Estimator for Binary Response Models
• Approximations of choice probabilities in mixed logit models
• Automobile Prices in Market Equilibrium
• Bayesian Statistics and Marketing
• Classification methods for random utility models with i.i.d. disturbances under the most probable alternative rule
• ERA's: A New Approach to Small Sample Theory
• Forecasting new product penetration with flexible substitution patterns
• Generalized random utility model
• Masking identification of discrete choice models under simulation methods
• Semi-Nonparametric Maximum Likelihood Estimation
• Semiparametric estimation of a work-trip mode choice model
• Smooth unbiased multivariate probability simulators for maximum likelihood estimation of limited dependent variable models

Cited in

(15)

• Approximate inference for the multinomial logit model
• Approximations of choice probabilities in mixed logit models
• Addressing endogeneity in aggregate logit models with time-varying parameters for optimal retail-pricing
• An alternative explanation for the logit form probabilistic choice model from the equal likelihood hypothesis
• A bootstrap-based minimum bias maximum simulated likelihood estimator of mixed logit
• On the expression for expected customer choice probabilities
• Prediction of the Nash through penalized mixture of logistic regression models
• Discovering heterogeneous consumer groups from sales transaction data
• Approximations of the information matrix for a panel mixed logit model
• A comparison of variational approximations for fast inference in mixed logit models
• Easy and flexible mixture distributions
• Inferring Preferences in Multiple Criteria Decision Analysis Using a Logistic Regression Model
• Predicting and optimizing marketing performance in dynamic markets
• Some results on an approximation to joint distributions of utility functions
• An adaptive Monte Carlo algorithm for computing mixed logit estimators

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Uses Software

• bayesm

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