Implications of thresholds in discrete choice modelling

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dc.contributor.authorCantillo, Victor
dc.contributor.authorOrtuzar, Juan De Dios
dc.date.accessioned2024-01-10T12:39:39Z
dc.date.available2024-01-10T12:39:39Z
dc.date.issued2006
dc.description.abstractIndividual choices are affected by complex factors and the challenge consists of how to incorporate these factors in order to improve the realism of the modelling work. The presence of limits, cut-offs or thresholds in the perception and appraisal of both attributes and alternatives is part of the complexity inherent to choice-making behaviour. The paper considers the existence of thresholds in three contexts: inertia (habit or reluctance to change), minimum perceptible changes in attribute values, and as a mechanism for accepting or rejecting alternatives. It discusses the more relevant approaches in modelling these types of thresholds and analyses their implications in model estimation and forecasting using both synthetic and real databanks. It is clear from the analysis that if thresholds exist but are not considered, the estimated models will be biased and may produce significant errors in prediction. Fortunately, there are practical methods to attack this problem and some are demonstrated.
dc.fechaingreso.objetodigital2024-05-06
dc.format.extent25 páginas
dc.fuente.origenWOS
dc.identifier.doi10.1080/01441640500487275
dc.identifier.eissn1464-5327
dc.identifier.issn0144-1647
dc.identifier.urihttps://doi.org/10.1080/01441640500487275
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/77218
dc.identifier.wosidWOS:000242236100001
dc.information.autorucIngeniería;Ortúzar J. de D;S/I;99241
dc.issue.numero6
dc.language.isoen
dc.nota.accesocontenido parcial
dc.pagina.final691
dc.pagina.inicio667
dc.publisherTAYLOR & FRANCIS LTD
dc.revistaTRANSPORT REVIEWS
dc.rightsacceso restringido
dc.subjectSWITCHING MODELS
dc.subjectSENSITIVITY
dc.subjectHABIT
dc.titleImplications of thresholds in discrete choice modelling
dc.typeartículo
dc.volumen26
sipa.codpersvinculados99241
sipa.indexWOS
sipa.indexScopus
sipa.trazabilidadCarga SIPA;09-01-2024
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