Economists have heralded the formulation of the expected utility theorem as a universal method of choice under uncertainty. In their seminal paper, Stigler and Becker (Stigler & Becker, 1977) declared that “human behavior can be explained by a generalized calculus of utility-maximizing behavior” (p.76). The universality of the rational choice theory has been widely criticized by psychologists, ...

Residential location choice modeling is one of the areas in transportation planning that attempts to examine households location search behavior incorporating their trade-offs between housing quality, prices or rents, distance to work and other key factors. This brings up the need to come up with methods to logically allocate credible choice alternatives for individuals.This article attempts to...

The role of non-Archimedean  in the DEA models has been clarified, so that the associatedlinear programs can be infeasible (for the multiplier side) and unbounded (for theenvelopment side) with an unsuitable choice of  . This paper shows that the overallassurance interval for  in DEA models is unique by the concept of extreme directions. Also,it presents an assurance value for  using only s...

In conventional random-utility models, such as the multinomial logit model, it is assumed that a decisionmaker's choice set is independent of his or her preferences conditional on the explanatory variables of the models. However, there are many situations in which the decisionmaker chooses the choice set, thereby making the independence assumption implausible. For example, if information about ...

Security subsystems are often designed with flawed assumptions arising from system designers’ faulty mental models. Designers tend to assume that users behave according to some textbook ideal, and to consider each potential exposure/interface in isolation. However, fieldwork continually shows that even well-intentioned users often depart from this ideal and circumvent controls in order to perfo...

Rational choice of teenage sexual behaviour lead to radically different predictions than do models that assume such behaviour is random. Existing empirical evidence has not been able to distinguish conclusively between these competing models. Using regional data from England between 1998 and 2001, I find that recent increases in availability of youth family planning clinics are associated with ...

A growing body of empirical literature uses structurally-derived economic models to study the nature of competition and to measure explicitly the economic impact of strategic policies. While several approaches have been proposed, the discrete choice demand system has experienced wide usage. The heterogeneous, or ‘‘mixed’’, logit in particular has been widely applied due to its parsimonious stru...

This paper considers the problems facing decision makers using econometric models in real time. It identifies the key stages involved and highlights the role of automated systems in reducing the effect of data snooping. It sets out many choices that researchers face in construction of automated systems and discusses some of the possible ways advanced in the literature for dealing with them. The...

despite controversy, the contingent valuation method (cvm) is widely used for non-market valuation. among elicitation methods of cvm, the dichotomous choice (dc) has been paid attention. there are two types of dc methods: single-bounded dc (sbdc) and double-bounded dc (dbdc). dbdc is more efficient than sbdc. many of cvm studies in iran used dbdc but data analyses were done by logit model; that...