echoice2

CRANechoice2MaRDI QIDQ70164FDOQ70164

Choice Models with Economic Foundation

Nino Hardt

Last update: 20 November 2023

Copyright license: MIT license, File License

Software version identifier: 0.2.3, 0.2.0, 0.2.1, 0.2.4

Description

Implements choice models based on economic theory, including estimation using Markov chain Monte Carlo (MCMC), prediction, and more. Its usability is inspired by ideas from 'tidyverse'. Models include versions of the Hierarchical Multinomial Logit and Multiple Discrete-Continous (Volumetric) models with and without screening. The foundations of these models are described in Allenby, Hardt and Rossi (2019) <doi:10.1016/bs.hem.2019.04.002>. Models with conjunctive screening are described in Kim, Hardt, Kim and Allenby (2022) <doi:10.1016/j.ijresmar.2022.04.001>. Models with set-size variation are described in Hardt and Kurz (2020) <doi:10.2139/ssrn.3418383>.

Cites work

• Economic foundations of conjoint analysis
• Conjunctive screening in models of multiple discreteness
• How to Predict Marketplace Demand Quantities Using Volumetric Choice Experiments

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