Browsing by Author "Heydecker, Benjamin"

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    A discrete choice model incorporating thresholds for perception in attribute values
    (PERGAMON-ELSEVIER SCIENCE LTD, 2006) Cantillo, Victor; Heydecker, Benjamin; Ortuzar, Juan de Dios
    In this paper we formulate a discrete choice model that incorporates thresholds in the perception of changes in attribute values. The model considers multiple options and allows for changes in several attributes. We postulate that if thresholds exist they could be random, differ between individuals, and even be a function of socio-economic characteristics and choice conditions. Our formulation allows estimation of the parameters of the threshold probability distribution starting from information about choices.