Revealing additional dimensions of preference heterogeneity in a latent class mixed multinomial logit model
نویسندگان
چکیده
منابع مشابه
Revealing Additional Dimensions of Preference Heterogeneity in a Latent Class Mixed Multinomial Logit Model
Latent class models offer an alternative perspective to the popular mixed logit form, replacing the continuous distribution with a discrete distribution in which preference heterogeneity is captured by membership of distinct classes of utility description. Within each class, preference homogeneity is usually assumed (i.e., fixed parameters), although interactions with observed contextual effect...
متن کاملLearning What Others Like: Preference Learning as a Mixed Multinomial Logit Model
People flexibly draw generalizations from others’ choices. For example, when one learns that a friend likes a set of movies within a particular genre, one might also infer that said friend would also like novel movies with similar features. The present project uses a Church implementation of mixed multinomial logit (MML) models to capture how people learn and generalize from other people’s pref...
متن کاملA Bayesian Mixed Logit-Probit Model for Multinomial Choice
In this paper we introduce a new flexible mixed model for multinomial discrete choice where the key individualand alternative-specific parameters of interest are allowed to follow an assumptionfree nonparametric density specification while other alternative-specific coefficients are assumed to be drawn from a multivariate normal distribution which eliminates the independence of irrelevant alter...
متن کاملLearning Mixed Multinomial Logit Model from Ordinal Data
Motivated by generating personalized recommendations using ordinal (or preference) data, we study the question of learning a mixture of MultiNomial Logit (MNL) model, a parameterized class of distributions over permutations, from partial ordinal or preference data (e.g. pair-wise comparisons). Despite its long standing importance across disciplines including social choice, operations research a...
متن کاملThe Generalized Multinomial Logit Model
The so-called “mixed” or “heterogeneous” multinomial logit (MIXL) model has become popular in a number of fields, especially Marketing, Health Economics and Industrial Organization. In most applications of the model, the vector of consumer utility weights on product attributes is assumed to have a multivariate normal (MVN) distribution in the population. Thus, some consumers care more about som...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Applied Economics
سال: 2013
ISSN: 0003-6846,1466-4283
DOI: 10.1080/00036846.2011.650325