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Applicability of Random Regret Minimization-Models, and Their Strong and Weak Points

In: Random Regret-based Discrete Choice Modeling

Author

Listed:
  • Caspar G. Chorus

    (Delft University of Technology)

Abstract

This chapter starts (Sect. 4.1) with discussing the applicability of the RRM-model in other than the quite straightforward choice context presented in Chap. 3. More specifically, it is explained how RRM can be applied to model non-generic attributes, constants, non-continuous attributes, and interactions with socio-demographic variables. Subsequently, Sects. 4.2 and 4.3 present strong, respectively weak points of the RRM-model.

Suggested Citation

  • Caspar G. Chorus, 2012. "Applicability of Random Regret Minimization-Models, and Their Strong and Weak Points," SpringerBriefs in Business, in: Random Regret-based Discrete Choice Modeling, edition 127, chapter 0, pages 35-41, Springer.
  • Handle: RePEc:spr:spbrcp:978-3-642-29151-7_4
    DOI: 10.1007/978-3-642-29151-7_4
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    Cited by:

    1. Haghani, Milad & Sarvi, Majid, 2019. "Laboratory experimentation and simulation of discrete direction choices: Investigating hypothetical bias, decision-rule effect and external validity based on aggregate prediction measures," Transportation Research Part A: Policy and Practice, Elsevier, vol. 130(C), pages 134-157.

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