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

DOI10.1016/J.JEEM.2003.11.001zbMATH Open1079.91520OpenAlexW2013012581MaRDI QIDQ1765293FDOQ1765293

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

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zbMATH Keywords

RecreationRandom utility modelLatent classMixed logitNonmarket valuation

Mathematics Subject Classification ID

Utility theory (91B16)

Cited In (4)

• 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?
• Forecasting accuracy of behavioural models for participation in the arts
• State dependence and heterogeneity in fishing location choice

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