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Hybrid choice models

In: Handbook of Choice Modelling

Author

Listed:
  • Maya Abou-Zeid
  • Moshe Ben-Akiva

Abstract

This chapter reviews the Hybrid Choice model (HCM) which integrates latent variable models with discrete choice models, and discusses its advantages. The chapter reviews the frameworks and formulations of the standard discrete choice model and the HCM and then discusses four advantages of the HCM: ability to explicitly model unobserved heterogeneity, increased statistical efficiency, enhanced behavioral realism, and extended policy relevance. Examples drawing on three travel behavior applications are presented to illustrate the advantages. The chapter concludes by describing the research challenges for future extensions of the HCM.

Suggested Citation

  • Maya Abou-Zeid & Moshe Ben-Akiva, 2024. "Hybrid choice models," Chapters, in: Stephane Hess & Andrew Daly (ed.), Handbook of Choice Modelling, chapter 18, pages 489-521, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:20188_18
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    File URL: https://www.elgaronline.com/doi/10.4337/9781800375635.00026
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