The benefits of incorporating utility dependencies in finite mixture probit models

DOI10.1007/S00291-017-0478-YzbMATH Open1371.91061OpenAlexW2611444718MaRDI QIDQ2014597FDOQ2014597

Authors: Friederike Paetz, Winfried J. Steiner 

Publication date: 25 August 2017

Published in: OR Spectrum (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00291-017-0478-y

Recommendations

• A new mixed MNP model accommodating a variety of dependent non-normal coefficient distributions
• The dependent Poisson race model and modeling dependence in conjoint choice experiments
• A model for multiple brand choice.
• Mixture models of choice under risk
• Utility correlations in probabilistic choice modelling

zbMATH Keywords

heterogeneityfinite mixture modelsconjoint choice modelsutility dependencies

Mathematics Subject Classification ID

Utility theory (91B16)

Cites Work

• A Conditional Probit Model for Qualitative Choice: Discrete Decisions Recognizing Interdependence and Heterogeneous Preferences
• Title not available (Why is that?)
• Bayesian Statistics and Marketing
• Discrete Choice Methods with Simulation
• Identifiability of finite mixtures of multinomial logit models with varying and fixed effects
• Issues in the use of ratings-based versus choice-based conjoint analysis in operations management research
• Real world performance of choice-based conjoint models
• Insights into clients' choice in preventive health care facility location planning
• Title not available (Why is that?)
• Model-based decision support for optimal brochure pricing: applying advanced analytics in the tour operating industry
• A Stackelberg-Nash model for new product design
• Comparing two-stage segmentation methods for choice data with a one-stage latent class choice analysis
• A revenue management problem with a choice model of consumer behaviour in a random environment
• Detecting price thresholds in choice models using a semi-parametric approach
• A probit latent class model with general correlation structures for evaluating accuracy of diagnostic tests
• Conjoint-based product (line) design considering competitive reactions

Cited In (2)

• Predicting and optimizing marketing performance in dynamic markets
• Modeling price response from retail sales: an empirical comparison of models with different representations of heterogeneity

Uses Software

• bayesm

This page was built for publication: The benefits of incorporating utility dependencies in finite mixture probit models

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q2014597)