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A Modified Composite Cost Measure for Probabilistic Choice Modeling

Author

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  • C S Fisk
  • D E Boyce

Abstract

A modified composite cost function is proposed which overcomes the negativity problem associated with Williams's measure. Also some relationships between the random utility and entropy-maximization approaches to model formulation are explored.

Suggested Citation

  • C S Fisk & D E Boyce, 1984. "A Modified Composite Cost Measure for Probabilistic Choice Modeling," Environment and Planning A, , vol. 16(2), pages 241-248, February.
  • Handle: RePEc:sae:envira:v:16:y:1984:i:2:p:241-248
    DOI: 10.1068/a160241
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    Cited by:

    1. Nijkamp, P. & Reggiani, A., 1986. "A synthesis between macro and micro models in spatial interaction analysis, with special reference to dynamics," Serie Research Memoranda 0010, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    2. Mattsson, Lars-Goran & Weibull, Jorgen W., 2002. "Probabilistic choice and procedurally bounded rationality," Games and Economic Behavior, Elsevier, vol. 41(1), pages 61-78, October.

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