Does accounting for preference heterogeneity improve the forecasting of a random utility model? A case study

DOI10.1016/J.JEEM.2003.11.001MaRDI QIDQ1765293zbMATHOpenAlexFDO

Authors Bill Provencher, Richard C. Bishop

Publication date 23 February 2005

Published in Journal of Environmental Economics and Management (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jeem.2003.11.001

zbMATH Keywords

RecreationRandom utility modelLatent classMixed logitNonmarket valuation

Mathematics Subject Classification ID

Utility theory (91B16)

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(4)

• State dependence and heterogeneity in fishing location choice
• Forecasting accuracy of behavioural models for participation in the arts
• Classification methods for random utility models with i.i.d. disturbances under the most probable alternative rule
• When do changes in consumer preferences make forecasts from choice-based conjoint models unreliable?

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