Modeling Consumer Decision Making and Discrete Choice Behavior 11. Nested Logit Models 1 Extended Formulation of the MNL Groups of similar alternatives Compound Utility:…

Modeling Consumer Decision Making and Discrete Choice Behavior 10. Censoring, Tobit and Two Part Models [Topic 10-Censoring and Truncation] ‹#›/25 1 Censoring and Corner…

Modeling Consumer Decision Making and Discrete Choice Behavior 10. Multinomial Choice 1 A Microeconomics Platform Consumers Maximize Utility (!!!) Fundamental Choice Problem:…

Modeling Consumer Decision Making and Discrete Choice Behavior 11. Duration Modeling [Topic 11-Duration Models] ‹#›/35 1 Modeling Duration Time until retirement Time…

Modeling Consumer Decision Making and Discrete Choice Behavior 1. Descriptive Tools, Regression, Panel Data 1 Model Building in Econometrics Parameterizing the model Nonparametric…

Modeling Consumer Decision Making and Discrete Choice Behavior 10. Multinomial Choice 1 A Microeconomics Platform Consumers Maximize Utility (!!!) Fundamental Choice Problem:…

Modeling Consumer Decision Making and Discrete Choice Behavior 14. Scaling and Heteroscedasticity 1 Using Degenerate Branches to Reveal Scaling Travel Fly Rail Air Car Train…

Modeling Consumer Decision Making and Discrete Choice Behavior 13. Latent Class Logit Models 1 Discrete Parameter Heterogeneity Latent Classes 2 Latent Class Probabilities…

Modeling Consumer Decision Making and Discrete Choice Behavior 12. Random Parameters Logit Models 1 Random Parameters Model Allow model parameters as well as constants to…

Modeling Consumer Decision Making and Discrete Choice Behavior 8. Heterogeneity: Latent Class Models 1 Latent Classes A population contains a mixture of individuals of different…