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

DOI10.1016/J.JEEM.2003.11.001MaRDI QIDQ1765293zbMATH OpenOpenAlexFDO

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

Latent classMixed logitNonmarket valuationRandom utility modelRecreation

Mathematics Subject Classification ID

Utility theory (91B16)

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(4)

• 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
• Classification methods for random utility models with i.i.d. disturbances under the most probable alternative rule

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