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Formulating a methodology for modelling revealed preference discrete choice data--the selectively replicated logit estimation

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  • Caldas, Marco A. F.
  • Black, Ian G.

Abstract

There are a number of studies on modelling with Revealed Preference (RP) data. It is a traditional technique and it is based on actual market data. The method has been extensively used in transportation as a tool for predicting travel demand. Although the method constitutes a relevant analysis on the process of modelling, it suffers from limitations, mainly associated with the lack of control over the experiment, that sometimes overwhelm the model results. This work proposes and tests a methodology for estimating a more efficient binary RP sample set. The objective is to develop and test a methodology that identifies and eliminates potentially irrational choices made. Responses are evaluated according to the set of trade-offs in values of time. Having identified these individuals they are eliminated from the original sample and a new sample is created, the selectively replicated (SR) sample. Original and SR samples are then re-estimated in a tree nested logit structure.

Suggested Citation

  • Caldas, Marco A. F. & Black, Ian G., 1997. "Formulating a methodology for modelling revealed preference discrete choice data--the selectively replicated logit estimation," Transportation Research Part B: Methodological, Elsevier, vol. 31(6), pages 463-472, November.
    • Handle: RePEc:eee:transb:v:31:y:1997:i:6:p:463-472
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    References listed on IDEAS

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    1. Daly, Andrew, 1987. "Estimating "tree" logit models," Transportation Research Part B: Methodological, Elsevier, vol. 21(4), pages 251-267, August.
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    1. Leitham, Scott & McQuaid, Ronald W. & D. Nelson, John, 2000. "The influence of transport on industrial location choice: a stated preference experiment," Transportation Research Part A: Policy and Practice, Elsevier, vol. 34(7), pages 515-535, September.

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